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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$0.66 - AU$1.13
Previous CloseN/A
Volume3.09M
Average Volume (3M)8.20M
Market Cap
AU$4.12B
Enterprise ValueAU$3.79B
Total Cash (Recent Filing)AU$357.00M
Total Debt (Recent Filing)AU$1.20B
Price to Earnings (P/E)―
Beta1.70
Next Earnings
Aug 27, 2026EPS Estimate
0.04Next Dividend Ex-DateN/A
Dividend Yield5.03%
Share Statistics
EPS (TTM)-0.01
Shares Outstanding4,341,936,000
10 Day Avg. Volume6,511,963
30 Day Avg. Volume8,196,956
Financial Highlights & Ratios
PEG Ratio0.63
Price to Book (P/B)1.18
Price to Sales (P/S)1.42
P/FCF Ratio27.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.35Price Target Upside36.36% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)0.06
Revenue Forecast (FY)AU$2.00B
Bulls Say, Bears Say
Bulls Say
Asset-light JV Business ModelNickel Mines earns via equity stakes and distributions from RKEF NPI operations at IMIP, not upstream exploration. This asset-light, cash-distribution model provides durable, scalable exposure to nickel processing margins and stainless-steel demand while limiting exploration capex and reserve risk.
Positive Operating And Free Cash FlowDespite net losses, the group generated positive operating cash flow and free cash flow in 2025, with FCF roughly 0.84x reported net income. Consistent FCF supports ongoing capex, JV funding and distributions, making cash generation a stabilizer amid cyclical revenue and margin swings.
Adequate CapitalizationA sizeable equity base provides a balance-sheet buffer and borrowing capacity to support RKEF operations and project interests. Moderate leverage (0.59 D/E) gives flexibility for working capital or JV investment, reducing immediate refinancing pressure compared with highly levered peers.
Bears Say
Margin Compression And Net LossesGross margins have eroded sharply from ~24% (2023) to ~10% (2025), and the company reported net losses for two consecutive years. Sustained margin weakness impairs return metrics, limits retained earnings for reinvestment and increases reliance on JV operating improvements or commodity recovery.
Declining Revenue TrendTop-line contraction over multiple years reduces operating leverage for NIC’s processing-focused model. For a business tied to NPI volumes and realized nickel prices, persistent revenue declines signal weaker demand or pricing pressure that can structurally reduce distributable cash and JV profitability.
Weakened And Volatile Cash GenerationAlthough FCF remained positive in 2025, cash flows fell materially year-over-year and cash coverage of net income is low (~0.17). This volatility constrains long-term capex planning, dividend potential and buffer against price cycles, increasing reliance on JV partners or external financing when adverse shocks occur.
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$0.66 and its highest was AU$1.13 in the past 12 months.
What is Nickel Mines Ltd.’s market cap?
Nickel Mines Ltd.’s market cap is AU$4.12B.
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 54 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$0.023 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 0.04.
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$0.023 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
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10
Analyst Consensus
Strong Buy
Average Price Target:
AU$1.35 (36.36% Upside)
AU$1.35 (36.36% Upside)
Blogger Sentiment
Bullish
AU:NIC Sentiment 100%
Sector Average ―
Sector Average ―
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, headquartered in Sydney, Australia, operates in Singapore and Indonesia, focusing on nickel ore extraction and nickel pig iron production. The company possesses an 80% ownership stake in the extensive 5,983-hectare Hengjaya Mine, located within Central Sulawesi's Morowali Regency. Its portfolio also includes an 80% interest in the Ranger Nickel project and a 70% share in the Angel Nickel project. Additionally, Nickel Industries holds an option to acquire a 70% interest in the Oracle Nickel project. Founded in 2007, the company was formerly known as Nickel Mines Limited until its name was officially changed in June 2022.
NIC Stock 12 Month Forecast
Average Price Target
AU$1.35
▲(36.36% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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