Nomad Royalty Company Ltd. (TSE:NSR) to Post Q1 2022 Earnings of $0.05 Per Share, Raymond James Forecasts

Nomad Royalty Company Ltd. (TSE:NSRGet Rating) – Equities researchers at Raymond James boosted their Q1 2022 earnings estimates for shares of Nomad Royalty in a note issued to investors on Tuesday, April 19th. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $0.05 for the quarter, up from their previous forecast of $0.04. Raymond James has a “Outperform” rating and a $16.00 price target on the stock. Raymond James also issued estimates for Nomad Royalty’s FY2023 earnings at $0.21 EPS.

Nomad Royalty (TSE:NSRGet Rating) last posted its quarterly earnings results on Tuesday, February 22nd. The company reported C($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.04 by C($0.07). The company had revenue of C$8.55 million for the quarter.

A number of other brokerages also recently commented on NSR. BMO Capital Markets set a C$14.00 price objective on shares of Nomad Royalty and gave the stock an “outperform” rating in a research note on Friday, January 21st. Stifel Nicolaus restated a “buy” rating and set a C$21.00 price objective on shares of Nomad Royalty in a research note on Thursday, February 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Nomad Royalty presently has an average rating of “Buy” and an average target price of C$13.75.

Shares of TSE:NSR opened at C$9.75 on Friday. The firm’s 50 day simple moving average is C$9.17 and its 200-day simple moving average is C$9.08. The firm has a market cap of C$599.21 million and a PE ratio of -256.58. Nomad Royalty has a one year low of C$7.34 and a one year high of C$12.00. The company has a debt-to-equity ratio of 27.07, a quick ratio of 0.88 and a current ratio of 1.05.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Thursday, March 31st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.05%. The ex-dividend date was Wednesday, March 30th. Nomad Royalty’s dividend payout ratio is presently -416.71%.

About Nomad Royalty (Get Rating)

Nomad Royalty Company Ltd. operates as a gold and silver royalty company that purchases rights to the gold or silver produced from a mine. It owns a portfolio of 10 royalty, stream, and gold loan assets. The company is based in Montreal, Canada.

Further Reading

Earnings History and Estimates for Nomad Royalty (TSE:NSR)

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