NexMetals Mining (NASDAQ:NEXM) Posts Quarterly Earnings Results

NexMetals Mining (NASDAQ:NEXM) posted its earnings results on Wednesday. The company reported $999.00 earnings per share (EPS) for the quarter, reports.

NexMetals Mining Stock Performance

Shares of NEXM stock opened at $3.23 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.67 and a quick ratio of 4.67. The stock has a market cap of $115.15 million and a PE ratio of -2.54. The stock has a 50-day moving average of $2.70 and a 200-day moving average of $3.42. NexMetals Mining has a one year low of $2.22 and a one year high of $10.35.

Hedge Funds Weigh In On NexMetals Mining

A number of large investors have recently bought and sold shares of the company. Condire Management LP bought a new position in shares of NexMetals Mining during the 4th quarter worth approximately $13,738,000. Marshall Wace LLP grew its stake in shares of NexMetals Mining by 123.0% during the 4th quarter. Marshall Wace LLP now owns 136,594 shares of the company’s stock worth $534,000 after acquiring an additional 75,347 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its stake in shares of NexMetals Mining by 9.3% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 497,275 shares of the company’s stock worth $1,920,000 after acquiring an additional 42,403 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of NexMetals Mining in the 4th quarter valued at approximately $73,000. Finally, Bank of America Corp DE acquired a new stake in shares of NexMetals Mining in the 3rd quarter valued at approximately $2,052,000.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NEXM shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NexMetals Mining in a research report on Friday, March 27th. Raymond James Financial started coverage on shares of NexMetals Mining in a report on Tuesday, March 31st. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

NexMetals Mining Company Profile

North American Nickel Inc operates as a mineral exploration and resource development company. The company engages in the exploration and development of mineral properties in Morocco and Canada, as well as in Botswana. Its principal asset is the Maniitsoq nickel-copper-cobalt-precious metal sulphide project covering an area of 3,048 square kilometers located in southwest Greenland. The company was formerly known as Widescope Resources Inc and changed its name to North American Nickel Inc in April 2010.