Nickel Mines Ltd. (AU:NIC)
ASX:NIC
NIC Stock Chart & Stats
AU$0.90
>-AU$0.01(-0.63%)
At close: 4:00 PM EST
AU$0.90
>-AU$0.01(-0.63%)
Day’s Range― - ―
52-Week RangeAU$0.42 - AU$1.06
Previous CloseN/A
Volume3.09M
Average Volume (3M)8.20M
Market Cap
AU$3.91B
Enterprise ValueAU$3.53B
Total Cash (Recent Filing)AU$357.00M
Total Debt (Recent Filing)AU$1.20B
Price to Earnings (P/E)―
Beta1.73
Next Earnings
Aug 27, 2026EPS Estimate
0.02Next 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$1.40Price Target Upside55.56% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.06
Revenue Forecast (FY)AU$2.24B
Bulls Say, Bears Say
Bulls Say
Asset-backed NPI Revenue ModelOwning stakes in operating NPI lines creates an asset-backed, volume-driven revenue stream tied to physical production rather than trading. That structure reduces development execution risk versus greenfield projects, provides predictable proportional cash receipts from plant output, and aligns earnings with long‑term stainless‑steel raw material demand.
Positive Free Cash FlowSustained positive operating and free cash flow despite net losses demonstrates the business generates real cash from operations. This supports near-term debt servicing, maintenance capex, and optional reinvestment into additional NPI lines, providing a durable financial buffer through commodity cycles if cash generation stabilises.
Sizeable Equity BaseA large equity base relative to debt provides capital resilience and balance sheet capacity to absorb commodity volatility or fund incremental investments. Adequate capitalization supports operational continuity and potential expansion financing without immediate reliance on volatile equity markets, enhancing long‑term strategic optionality.
Bears Say
Margin Erosion And Recurring Net LossesSteep margin compression and two consecutive years of net losses indicate structural pressure on pricing or rising unit costs. Persistently weaker margins reduce return on invested capital and make it harder to fund growth internally, increasing dependency on external financing or asset sales to restore profitability over the medium term.
Rising Leverage TrendAn increasing debt-to-equity ratio signals growing reliance on leverage to support operations or investments. Higher leverage raises interest and refinancing exposure, reducing financial flexibility and amplifying downside risk if commodity prices or cash flows weaken, potentially constraining capital allocation and strategic initiatives.
Weakening Cash Generation TrendAlthough cash flow remained positive, the sharp year-over-year decline and low cash coverage of earnings highlight volatility in cash generation. Continued deterioration would impair liquidity cushions, limit ability to service debt or fund capex, and increase sensitivity to nickel price downturns, threatening durability of operations.
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$0.42 and its highest was AU$1.06 in the past 12 months.
What is Nickel Mines Ltd.’s market cap?
Nickel Mines Ltd.’s market cap is AU$3.91B.
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 151 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 0.02.
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
1
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4
5
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7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
AU$1.40 (55.56% Upside)
AU$1.40 (55.56% Upside)
Blogger Sentiment
Bullish
AU:NIC Sentiment 92%
Sector Average ―
Sector Average ―
News Sentiment
Bearish
Bullish news 40%
Bearish news 60%
Bearish news 60%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-18.87%
12-Months-Change
Fundamentals
Return on Equity
-7.26%
Trailing 12-Months
Asset Growth
0.30%
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$1.40
▲(55.56% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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