Jefferies optimistic on Nickel Industries' production growth

Nickel Industries

30/04/2025 21:28

** Analysts at Jefferies upbeat on Australian miner Nickel Industries' NIC.AX production growth

** Brokerage adds company is well-positioned to continue capital management initiatives through dividends, buybacks and other options

** Jefferies' price target A$0.6 per share for NIC; stock's last close was A$0.55; brokerage rates stock "hold"

** Jefferies, however, flags possible difficulties company might face in maintaining positive EBITDA margins due to a cyclically lower nickel market

** NIC down 31.5% YTD

 (Reporting by Adwitiya Srivastava in Bengaluru)

 ((Adwitiya.Srivastava@thomsonreuters.com))