Maxim Group Reiterates Buy Rating on Nicola Mining Inc.
Maxim Group maintains its buy rating on Nicola Mining with a $12 target, a 92.62% upside from the current price.
Key Points
- Maxim Group reiterated its buy rating on Nicola Mining Inc. (NasdaqCM: NICM) with a $12 price target on June 18, 2026.
- Maxim Group's $12 price target implies 92.62% upside from Nicola Mining Inc.'s ($NICM) current $6.23 share price.
- Shares of NICM traded near $6.33, with a market cap of about $117.8 million and a 52-week range between $5.41 and $10.6.
- Nicola Mining operates in the Basic Materials sector, focusing on precious metals exploration and toll milling services.
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Maxim Group reiterated its buy rating for Nicola Mining Inc. (NasdaqCM: NICM) on June 18, 2026. The firm set a price target of $12 for the stock, highlighting its positive outlook for the company.
Maxim Group vs. the S&P 500
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Nicola Mining Inc. Stock Down 9.4%
Shares of NasdaqCM:NICM traded near $6.33 recently. Nicola Mining Inc. has a market cap of approximately $117.8 million and a beta of 0.364, indicating relatively low volatility compared to the market. The stock's 52-week range has been between $5.41 and $10.6, with a 50-day and 200-day moving average both around $6.43. The company maintains a strong current ratio of 4.759 and a quick ratio of 4.308, with a debt-to-equity ratio of 25.748.
$NICM price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Nicola Mining Inc. reported revenue of about $3.03 million, reflecting a significant growth rate of 233.82%. However, the company is not currently profitable, with a net margin of -2.0% and no meaningful P/E ratio due to its negative earnings per share of -$0.26.
Analysts Set New Price Targets
On June 18, 2026, Maxim Group reiterated its buy rating on Nicola Mining Inc. with a price target of $12. The consensus among analysts is a buy rating, with the mean target price also set at $12, based on one analyst opinion.
About Nicola Mining Inc.
Nicola Mining Inc. is a junior exploration company headquartered in Vancouver, Canada. It focuses on identifying, acquiring, and exploring mineral properties in Canada. The company primarily explores for gold, silver, lead, zinc, copper, and other precious metals. Its key projects include the New Craigmont Project, Treasure Mountain Project, and Dominion Creek Gold Property. Additionally, Nicola Mining offers toll milling services for processing silver, lead, and gold ore.
Bottom Line
Maxim Group's reiteration of a buy rating for Nicola Mining Inc. with a $12 target price suggests continued confidence in the company's potential. Investors often track such analyst ratings as part of their broader research. It's important to remember that 13F filings and analyst reports reflect past positions and sentiments, which may not represent current or future conditions.
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