NexMetals Mining (NASDAQ:NEXM) Now Covered by Raymond James Financial

Raymond James Financial initiated coverage on shares of NexMetals Mining (NASDAQ:NEXM) in a research report released on Tuesday morning, Marketbeat.com reports. The brokerage issued an outperform rating on the stock.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NexMetals Mining in a research note on Friday. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

NexMetals Mining Price Performance

Shares of NexMetals Mining stock opened at $2.45 on Tuesday. The stock has a market cap of $87.00 million and a P/E ratio of -1.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.67 and a current ratio of 4.67. The stock’s fifty day moving average is $3.38 and its 200 day moving average is $4.05. NexMetals Mining has a one year low of $2.22 and a one year high of $10.35.

NexMetals Mining (NASDAQ:NEXM) last released its quarterly earnings results on Friday, March 13th. The company reported ($0.22) earnings per share (EPS) for the quarter.

Institutional Trading of NexMetals Mining

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of Montreal Can bought a new position in NexMetals Mining in the 4th quarter worth $73,000. Periscope Capital Inc. bought a new stake in NexMetals Mining during the fourth quarter valued at about $108,000. Dumac Inc. bought a new stake in NexMetals Mining during the fourth quarter valued at about $169,000. Cibc World Market Inc. purchased a new position in shares of NexMetals Mining in the third quarter valued at about $193,000. Finally, Villere ST Denis J & Co. LLC purchased a new position in shares of NexMetals Mining in the third quarter valued at about $256,000.

NexMetals Mining Company Profile

North American Nickel Inc operates as a mineral exploration and resource development company. The company engages in the exploration and development of mineral properties in Morocco and Canada, as well as in Botswana. Its principal asset is the Maniitsoq nickel-copper-cobalt-precious metal sulphide project covering an area of 3,048 square kilometers located in southwest Greenland. The company was formerly known as Widescope Resources Inc and changed its name to North American Nickel Inc in April 2010.