Company Information
About Nickel Industries Limited (ASX: NIC)
Nickel Industries Limited is a company involved in the nickel industry. It produces nickel pig iron, which is used to make stainless steel, and nickel matte. The company also has interests in high-pressure acid leach projects, which generate mixed hydroxide precipitate for the electric vehicle supply chain.
The business operates in several segments, mainly focusing on nickel ore mining and nickel production projects in Indonesia, alongside activities in Singapore and Hong Kong. Its key operations are in Indonesia, including the Hengjaya Nickel and Oracle Nickel projects, and the Ranger Nickel rotary kiln electric furnace project within the Morowali Industrial Park. Another significant project is the Angel Nickel RKEF Project in the Weda Bay Industrial Park. The company also operates the Hengjaya Mine, known for its high-grade nickel laterite deposits.
For the trailing twelve months, Nickel Industries Limited reported revenue of AUD 2.86 billion and a net income of AUD 184.86 million. The company was established in 2007. Despite a substantial increase in revenue, its net income dropped by 23.51% compared to the previous year due to a rise in the cost of goods sold, which reduced overall profitability.
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Nickel Industries Limited (ASX: NIC) Live Chart
Nickel Industries Limited (ASX: NIC) Forecast
According to the consensus from seven Wall Street analysts who have issued twelve-month price targets for Nickel Mines Ltd, the stock’s average projected value is AU$1.15. Forecasts range with a high estimate of AU$1.50 and a low estimate of AU$0.95. This average price target indicates an approximate 17.95% increase from the company’s most recent trading price of AU$0.98.
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