FY2017 EPS Estimation for Royal Nickel Corp (RNX) Trimmed by Analyst

FY2017 EPS Estimation for Royal Nickel Corp (RNX) Trimmed by Analyst

Royal Nickel Corp (TSE:RNX) – Equities researchers at Beacon Securities decreased their FY2017 EPS estimates for Royal Nickel Corp in a report released on Thursday. Beacon Securities analyst M. Bandrowski now anticipates that the firm will post earnings of $0.10 per share for the year, down from their prior estimate of $0.14. Beacon Securities also issued estimates for Royal Nickel Corp’s FY2018 earnings at $0.14 EPS and FY2019 earnings at $0.14 EPS.

Royal Nickel Corp (TSE:RNX) opened at 0.31 on Monday. The company has a 50-day moving average of $0.34 and a 200-day moving average of $0.33. Royal Nickel Corp has a 52 week low of $0.18 and a 52 week high of $0.63. The company’s market capitalization is $85.16 million.

About Royal Nickel Corp

Royal Nickel Corp is a Canada-based multi-asset mineral resource company. The Company is focused primarily on the acquisition, exploration, evaluation and development of precious metal and base metal properties. The Company’s principal assets are the producing Beta Hunt gold and nickel mine, which is located approximately 559 kilometers from Perth in Kambalda, Western Australia, and the Dumont Nickel Project, which is located in the established Abitibi mining camp in the Canadian province of Quebec.

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