RBC Capital Reiterates Sector Perform Rating for Western Areas (WSA)
Western Areas (ASX:WSA)‘s stock had its “sector perform” rating reaffirmed by research analysts at RBC Capital in a report released on Thursday, AnalystRatingsNetwork reports. They currently have a $4.00 price objective on the stock.
Shares of Western Areas (ASX:WSA) traded up 0.93% on Thursday, hitting A$4.320. 2,984,003 shares of the company’s stock traded hands. Western Areas has a 1-year low of A$1.940 and a 1-year high of A$4.430. The stock’s 50-day moving average is A$3.81 and its 200-day moving average is A$2.97. The company’s market cap is A$859.7 million.
Western Areas Limited, formerly Western Areas NL, is an Australia-based nickel mining company. It is engaged in mining, processing and sale of nickel sulphide concentrate, the continued feasibility and development of the high grade nickel mines and the exploration for nickel sulphides, and platinum group metals.
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