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Western Areas (ASX:WSA)‘s stock had its “outperform” rating reaffirmed by research analysts at RBC Capital in a report released on Tuesday. They currently have a $5.50 price target on the stock.

Shares of Western Areas (ASX:WSA) traded down 5.07% on Tuesday, hitting A$4.680. The stock had a trading volume of 1,945,774 shares. Western Areas has a 1-year low of A$1.940 and a 1-year high of A$5.220. The stock’s 50-day moving average is A$4.93 and its 200-day moving average is A$4.20. The company’s market cap is A$931.3 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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