Raymond James Financial Begins Coverage on NexMetals Mining (NASDAQ:NEXM)

Equities researchers at Raymond James Financial assumed coverage on shares of NexMetals Mining (NASDAQ:NEXM) in a report issued on Tuesday, MarketBeat.com reports. The firm set an “outperform” rating on the stock.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of NexMetals Mining in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, NexMetals Mining has a consensus rating of “Hold”.

NexMetals Mining Stock Performance

NexMetals Mining stock opened at $2.55 on Tuesday. The company’s 50-day moving average price is $3.35 and its 200-day moving average price is $4.04. NexMetals Mining has a twelve month low of $2.22 and a twelve month high of $10.35. The company has a quick ratio of 4.67, a current ratio of 4.67 and a debt-to-equity ratio of 0.01. The company has a market cap of $90.56 million and a PE ratio of -2.01.

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

Institutional Trading of NexMetals Mining

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NEXM. Villere ST Denis J & Co. LLC bought a new stake in NexMetals Mining in the third quarter worth about $256,000. Cibc World Market Inc. bought a new position in shares of NexMetals Mining during the third quarter valued at approximately $193,000. Bank of America Corp DE purchased a new stake in shares of NexMetals Mining in the third quarter worth approximately $2,052,000. Periscope Capital Inc. purchased a new stake in shares of NexMetals Mining in the fourth quarter worth approximately $108,000. Finally, Dumac Inc. bought a new stake in shares of NexMetals Mining during the 4th quarter worth approximately $169,000.

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.