Nickel Industries' Quarterly EBITDA Expected to Grow to Around $120 Million, Jefferies Says

MT Newswires Live
Jan 30

Nickel Industries' (ASX:NIC) quarterly earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to grow to around $120 million, as operating conditions normalize, and the company starts to see the flow-through benefit of rising nickel complex prices, Jefferies said in a note on Thursday.

The investment firm cited Nickel Industries' diversified production growth, position on the cost curve, and ability to expand EBITDA margins in a rising nickel price environment.

Jefferies maintained its buy rating on Nickel Industries and price target of AU$1.10.

Nickel Industries' shares tumbled 6% in recent Friday trade.

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