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An announcement from Magna Mining ( (TSE:NICU) ) is now available.
Magna Mining Inc. has granted a package of security-based compensation to its officers, consisting of 325,000 restricted share units that fully vest after three years and 857,800 stock options with staged vesting over two years and a five-year term at an exercise price of $2.97 per share. The awards, issued under the company’s shareholder-approved omnibus equity incentive plan that caps total security-based compensation at 10% of outstanding shares, are designed to align management incentives with long-term shareholder value and support the company’s strategic growth and development of its Sudbury-area base and precious metals assets.
The most recent analyst rating on (TSE:NICU) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Magna Mining stock, see the TSE:NICU Stock Forecast page.
Spark’s Take on TSE:NICU Stock
According to Spark, TipRanks’ AI Analyst, TSE:NICU is a Neutral.
The score is held back primarily by weak cash generation (materially negative operating and free cash flow) and mixed underlying profitability signals despite positive net income. A low-leverage balance sheet and improving scale help offset this, and technicals are supportive with the stock trading above key moving averages. Valuation remains a risk given the very high P/E and lack of dividend support.
To see Spark’s full report on TSE:NICU stock, click here.
More about Magna Mining
Magna Mining Inc. is a producing mining company focused on copper, nickel and platinum group metals, with a portfolio of assets in the Sudbury mining district of Ontario, Canada. Its primary producing asset is the McCreedy West Mine, complemented by a pipeline of highly prospective, past-producing properties including Levack, Crean Hill, Podolsky and Shakespeare, positioning the company for continued production, exploration upside and near-term development opportunities.
Average Trading Volume: 422,303
Technical Sentiment Signal: Buy
Current Market Cap: C$911.8M
Learn more about NICU stock on TipRanks’ Stock Analysis page.