Brokers Set Expectations for Royal Nickel Corp’s FY2016 Earnings (RNX)

Royal Nickel Corp (TSE:RNX) – Beacon Securities lowered their FY2016 earnings per share estimates for Royal Nickel Corp in a research note issued on Monday. Beacon Securities analyst M. Bandrowski now expects that the brokerage will earn $0.04 per share for the year, down from their previous estimate of $0.05. Beacon Securities also issued estimates for Royal Nickel Corp’s FY2017 earnings at $0.14 EPS and FY2019 earnings at $0.15 EPS.

Earnings History and Estimates for Royal Nickel Corp (TSE:RNX)

Shares of Royal Nickel Corp (TSE:RNX) opened at 0.425 on Wednesday. Royal Nickel Corp has a 1-year low of $0.12 and a 1-year high of $0.63. The firm’s 50 day moving average price is $0.38 and its 200-day moving average price is $0.39. The company’s market capitalization is $105.18 million.

Royal Nickel Corp Company Profile

Royal Nickel Corporation (Royal Nickel) is a mineral resource company focused on the acquisition, exploration, evaluation and development of mineral properties. The Company’s principal assets are its interest in the producing Beta Hunt nickel and gold mine in Western Australia, and the Dumont Nickel Project located in the Abitibi mining camp, approximately 25 kilometers northwest of Amos, Quebec, Canada.

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