Nicola Mining (NIM – Research Report), the Basic Materials sector company, was revisited by a Wall Street analyst today. Analyst from Atrium Research maintained a Buy rating on the stock and has a C$0.60 price target.
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Atrium Research has given its Buy rating due to a combination of factors surrounding Nicola Mining’s strategic developments. The initiation of the 2025 diamond drilling campaign at the New Craigmont Copper Project is a significant step, targeting multiple high-priority copper mineralization zones. This campaign builds upon previous successful results and aims to explore newly identified areas, enhancing the potential for valuable discoveries.
Atrium Research also highlights the strategic advantage of the New Craigmont Copper Project’s location, adjacent to Teck’s Highland Valley Copper Mine, which is one of the few remaining high-grade copper assets in British Columbia. Furthermore, the proximity of Nicola’s Merritt Milling Facility, which is set to commence gold processing, adds to the company’s growth prospects. These factors collectively support the Buy rating, with the potential for the project to provide substantial feed to the mill, thereby increasing Nicola Mining’s value.