NexMetals Mining (NASDAQ:NEXM) Raised to “Hold” at Zacks Research

NexMetals Mining (NASDAQ:NEXM) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

NEXM has been the topic of several other research reports. Weiss Ratings restated a “sell (e+)” rating on shares of NexMetals Mining in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of NexMetals Mining to a “sell” rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

NexMetals Mining Price Performance

NASDAQ NEXM opened at $3.78 on Monday. NexMetals Mining has a one year low of $3.67 and a one year high of $10.35. The firm has a 50 day simple moving average of $5.41. The stock has a market capitalization of $81.12 million and a price-to-earnings ratio of -7.41.

Institutional Trading of NexMetals Mining

A hedge fund recently bought a new stake in NexMetals Mining stock. Villere ST Denis J & Co. LLC purchased a new position in NexMetals Mining Corp. (NASDAQ:NEXM) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 46,400 shares of the company’s stock, valued at approximately $256,000. Villere ST Denis J & Co. LLC owned about 0.22% of NexMetals Mining at the end of the most recent quarter.

About NexMetals Mining

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.