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Nicola Mining ( (TSE:NIM) ) has provided an update.
Nicola Mining Inc. has received a multi-year area-based exploration permit for its Treasure Mountain Silver Project, allowing extensive exploration activities over the next five years. This development, along with a recent ten-year mining lease extension, enhances the company’s exploration and mining potential, positioning it favorably in the market amid strong silver prices.
The most recent analyst rating on (TSE:NIM) stock is a Buy with a C$0.60 price target. To see the full list of analyst forecasts on Nicola Mining stock, see the TSE:NIM Stock Forecast page.
Spark’s Take on TSE:NIM Stock
According to Spark, TipRanks’ AI Analyst, TSE:NIM is a Underperform.
Nicola Mining’s overall stock score is hindered by substantial financial challenges, including zero revenue, high leverage, and negative cash flows. These are partially offset by mixed technical signals which indicate some potential for short-term price movement. However, the valuation remains unattractive due to a negative P/E ratio and no dividend yield, reflecting the company’s ongoing financial difficulties.
To see Spark’s full report on TSE:NIM stock, click here.
More about Nicola Mining
Nicola Mining Inc. is a junior mining company listed on the TSX-V and Frankfurt Exchange, owning a fully permitted mill and tailings facility near Merritt, British Columbia. The company engages in Mining and Milling Profit Share Agreements with high-grade gold projects in BC and owns the New Craigmont Project and Treasure Mountain Property, which host high-grade copper and silver mineralization.
Average Trading Volume: 81,542
Technical Sentiment Signal: Buy
Current Market Cap: C$76.14M
See more data about NIM stock on TipRanks’ Stock Analysis page.