Niko Resources Receives “Neutral” Rating from Credit Suisse (NKO)
Niko Resources (TSE:NKO)‘s stock had its “neutral” rating reiterated by equities researchers at Credit Suisse in a research report issued on Wednesday, AmericanBankingNews.com reports.
Shares of Niko Resources (TSE:NKO) traded down 1.21% on Wednesday, hitting $2.44. 277,532 shares of the company’s stock traded hands. Niko Resources has a 52 week low of $1.12 and a 52 week high of $11.18. The stock has a 50-day moving average of $2.08 and a 200-day moving average of $4.48. The company’s market cap is $171.3 million.
Niko Resources (TSE:NKO) last issued its quarterly earnings data on Wednesday, November 13th. The company reported ($2.12) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.14) by $1.98. Analysts expect that Niko Resources will post $-3.56 EPS for the current fiscal year.
A number of other firms have also recently commented on NKO. Analysts at CSFB reiterated a “neutral” rating on shares of Niko Resources in a research note to investors on Wednesday. They now have a C$2.50 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Niko Resources from C$1.50 to C$2.00 in a research note to investors on Wednesday, January 1st. They now have a “sell” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Niko Resources from C$1.50 to C$2.00 in a research note to investors on Tuesday, December 24th. They now have a “sell” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$4.75.
Niko Resources Ltd. (TSE:NKO) is engaged in the exploration for and development and production of natural gas and oil in India, Bangladesh, Indonesia, the Kurdistan region of Iraq, Trinidad, Pakistan and Madagascar.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.