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Western Areas (ASX:WSA)‘s stock had its “sector perform” rating restated by RBC Capital in a research note issued on Sunday. They currently have a $4.00 target price on the stock.

Shares of Western Areas (ASX:WSA) opened at 4.470 on Friday. Western Areas has a 1-year low of A$1.940 and a 1-year high of A$4.590. The stock’s 50-day moving average is A$4.07 and its 200-day moving average is A$3.07. The company’s market cap is A$889.5 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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