Nomad Royalty Company Ltd. (TSE:NSR) Given Consensus Recommendation of “Buy” by Brokerages

Nomad Royalty Company Ltd. (TSE:NSRGet Rating) has been assigned a consensus recommendation of “Buy” from the nine analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$15.06.

A number of research analysts have recently commented on NSR shares. Cormark dropped their price target on Nomad Royalty from C$17.50 to C$10.75 and set a “tender” rating for the company in a research note on Tuesday, May 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a C$21.00 price objective on shares of Nomad Royalty in a research note on Thursday, February 10th. Haywood Securities reaffirmed a “tender” rating on shares of Nomad Royalty in a research note on Tuesday, May 3rd. BMO Capital Markets set a C$14.00 target price on shares of Nomad Royalty and gave the stock an “outperform” rating in a report on Friday, January 21st. Finally, Canaccord Genuity Group lifted their price target on shares of Nomad Royalty from C$15.50 to C$16.00 in a report on Friday, April 22nd.

NSR traded down C$0.09 during trading on Friday, hitting C$9.88. The company’s stock had a trading volume of 55,909 shares, compared to its average volume of 113,104. The stock has a market capitalization of C$607.24 million and a price-to-earnings ratio of 380.00. Nomad Royalty has a 12 month low of C$7.34 and a 12 month high of C$11.60. The company has a quick ratio of 1.58, a current ratio of 1.73 and a debt-to-equity ratio of 15.98. The firm’s 50 day moving average price is C$9.68 and its two-hundred day moving average price is C$9.25.

Nomad Royalty (TSE:NSRGet Rating) last posted its earnings results on Thursday, May 5th. The company reported C$0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.05. The business had revenue of C$17.46 million during the quarter. On average, sell-side analysts forecast that Nomad Royalty will post 0.1995914 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Wednesday, June 29th. Nomad Royalty’s dividend payout ratio (DPR) is presently 610.73%.

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. The company owns a portfolio of 22 royalty, stream, and other interests. Nomad Royalty Company Ltd. is headquartered in Montreal, Canada.

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