FY2018 EPS Estimates for Royal Nickel Corp Decreased by Analyst (RNX)

Royal Nickel Corp (TSE:RNX) – Analysts at Beacon Securities decreased their FY2018 earnings per share estimates for shares of Royal Nickel Corp in a research report issued on Monday. Beacon Securities analyst M. Bandrowski now expects that the firm will earn $0.16 per share for the year, down from their previous forecast of $0.18.

Shares of Royal Nickel Corp (TSE:RNX) traded up 1.18% during midday trading on Thursday, reaching $0.43. The company’s stock had a trading volume of 931,205 shares. The stock’s 50-day moving average price is $0.38 and its 200-day moving average price is $0.39. Royal Nickel Corp has a 12-month low of $0.12 and a 12-month high of $0.63. The company’s market cap is $106.41 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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