Maxim Group Upgrades Nicola Mining (NASDAQ:NICM) to “Strong-Buy”

Nicola Mining (NASDAQ:NICM) was upgraded by research analysts at Maxim Group to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other analysts have also issued research reports about the company. Zacks Research upgraded Nicola Mining to a “hold” rating in a report on Thursday, May 28th. Noble Financial upgraded shares of Nicola Mining to a “strong-buy” rating in a research report on Wednesday, May 27th. Finally, Atrium Research raised shares of Nicola Mining to a “strong-buy” rating in a report on Monday, June 1st. Three research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and an average price target of $12.00.

Nicola Mining Price Performance

Shares of NICM opened at $6.16 on Thursday. The stock has a market capitalization of $117.82 million and a P/E ratio of -616.00. Nicola Mining has a 52-week low of $5.41 and a 52-week high of $10.60.