Nickel Mines Ltd. (AU:NIC)
ASX:NIC
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NIC Stock Chart & Stats
AU$0.99
>-AU$0.01(-0.63%)
At close: 4:00 PM EST
AU$0.99
>-AU$0.01(-0.63%)
Day’s Range― - ―
52-Week RangeAU$0.60 - AU$1.10
Previous CloseN/A
Volume3.09M
Average Volume (3M)8.20M
Market Cap
AU$4.56B
Enterprise ValueAU$4.29B
Total Cash (Recent Filing)AU$357.00M
Total Debt (Recent Filing)AU$1.20B
Price to Earnings (P/E)―
Beta1.75
Next Earnings
Aug 27, 2026EPS Estimate
0.03Next Dividend Ex-DateN/A
Dividend Yield5.03%
Share Statistics
EPS (TTM)-0.02
Shares Outstanding4,341,936,000
10 Day Avg. Volume6,511,963
30 Day Avg. Volume8,196,956
Financial Highlights & Ratios
PEG Ratio0.94
Price to Book (P/B)1.77
Price to Sales (P/S)2.12
P/FCF Ratio40.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.39Price Target Upside40.40% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.06
Revenue Forecast (FY)AU$2.16B
Bulls Say, Bears Say
Bulls Say
Asset-light JV ModelNickel Mines collects earnings via equity interests and distributions from RKEF/NPI operations rather than owning upstream mines. This asset-light, JV-focused model reduces direct exploration/capex exposure, preserves balance sheet flexibility, and offers scalable cash distributions as partner plants expand.
Positive Free Cash FlowDespite net losses, the company generated positive operating cash flow and meaningful free cash flow in 2025. Sustained FCF supports debt service, JV reinvestment and distributions; it is a durable stabilizer that preserves strategic optionality even through margin cycles.
Sizeable Equity BufferA large equity base and moderate leverage provide a capital buffer to absorb commodity volatility and fund investments. This capitalization supports continued JV participation and gives room for strategic initiatives without immediate capital raises, aiding long-term resilience.
Bears Say
Margin CompressionSharp gross margin deterioration erodes the company's fundamental profitability and cash conversion. Sustained lower margins reduce the cushion for below-the-line charges, limit distributable earnings from JV operations, and make returns more sensitive to input costs and nickel price cycles.
Consecutive Net LossesTwo straight years of net losses signal persistent below-operating-line pressures (interest, impairment or other charges). This undermines long-term equity returns, constrains dividend/distribution capacity, and may force balance-sheet measures that dilute strategic flexibility.
Declining Revenue & Weakening Cash TrendFalling revenue and materially weakened cash generation reduce internal funding for JV expansions and increase reliance on external finance. This trend raises vulnerability to commodity downturns, pressures capital allocation, and could increase cost of capital over the medium term.
Nickel Mines Ltd. News
NIC FAQ
What was Nickel Mines Ltd.’s price range in the past 12 months?
Nickel Mines Ltd. lowest share price was AU$0.60 and its highest was AU$1.10 in the past 12 months.
What is Nickel Mines Ltd.’s market cap?
Nickel Mines Ltd.’s market cap is AU$4.56B.
When is Nickel Mines Ltd.’s upcoming earnings report date?
Nickel Mines Ltd.’s upcoming earnings report date is Aug 27, 2026 which is in 111 days.
How were Nickel Mines Ltd.’s earnings last quarter?
Nickel Mines Ltd. released its earnings results on Feb 22, 2026. The company reported AU$0.022 earnings per share for the quarter, beating the consensus estimate of AU$0.003 by AU$0.02.
Is Nickel Mines Ltd. overvalued?
According to Wall Street analysts Nickel Mines Ltd.’s price is currently Undervalued.
Does Nickel Mines Ltd. pay dividends?
Nickel Mines Ltd. pays a Semiannually dividend of AU$0.015 which represents an annual dividend yield of 5.03%. See more information on Nickel Mines Ltd. dividends here
What is Nickel Mines Ltd.’s EPS estimate?
Nickel Mines Ltd.’s EPS estimate is 0.03.
How many shares outstanding does Nickel Mines Ltd. have?
Nickel Mines Ltd. has 4,341,936,000 shares outstanding.
What happened to Nickel Mines Ltd.’s price movement after its last earnings report?
Nickel Mines Ltd. reported an EPS of AU$0.022 in its last earnings report, beating expectations of AU$0.003. Following the earnings report the stock price went down -4%.
Which hedge fund is a major shareholder of Nickel Mines Ltd.?
Currently, no hedge funds are holding shares in AU:NIC
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Nickel Mines Ltd. Stock Smart Score
Outperform
1
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10
Analyst Consensus
Strong Buy
Average Price Target:
AU$1.39 (40.40% Upside)
AU$1.39 (40.40% Upside)
Blogger Sentiment
Bullish
AU:NIC Sentiment 100%
Sector Average 75%
Sector Average 75%
Insider Transactions
Sold Shares
Worth AU$3.1M over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-18.87%
12-Months-Change
Fundamentals
Return on Equity
-2.79%
Trailing 12-Months
Asset Growth
1.62%
Trailing 12-Months
Company Description
Nickel Mines Ltd.
Nickel Industries Limited engages in nickel ore mining and nickel pig iron production operations in Singapore and Indonesia. The company holds an 80% interest in the Hengjaya Mine that covers an area of 5,983 hectares located in the Morowali Regency of Central Sulawesi; 80% interest in the Ranger Nickel project; and 70% interest in the Angel Nickel project. It also has an option to acquire a 70% interest in the Oracle Nickel project. The company was formerly known as Nickel Mines Limited and changed its name to Nickel Industries Limited in June 2022. Nickel Industries Limited was incorporated in 2007 and is headquartered in Sydney, Australia.
NIC Stock 12 Month Forecast
Average Price Target
AU$1.39
▲(40.40% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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