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How to buy Nickel Mines (NIC) shares in Australia

Learn how to easily invest in Nickel Mines shares.

Nickel Mines is an other industrial metals & mining business based in Australia. Nickel Mines shares (NIC) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Nickel Mines has a trailing 12-month revenue of around $1.6 billion. If you're looking to buy shares, check out the steps below.

How to buy shares in Nickel Mines

  1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the ASX. Our table can help you choose.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  3. Search for Nickel Mines . Find the share by name or ticker symbol: NIC. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Nickel Mines reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  6. Check on your investment. Congratulations, you own a part of Nickel Mines . Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.

Nickel Mines stock price (ASX:NIC)

Use our graph to track the performance of NIC stocks over time.

Nickel Mines shares at a glance

Information last updated 2023-11-27.
52-week range$0.71 - $1.1174
50-day moving average $0.7724
200-day moving average $0.855
Target price$1.08
PE ratio 14.54
Dividend yield $0.027 (5.56%)
Earnings per share (TTM) $0.05

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Is it a good time to buy Nickel Mines stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Nickel Mines price performance over time

Historical closes compared with the last close of A$0.715

1 week (2023-11-21) -11.18%
1 month (2023-10-27) -8.33%
3 months (2023-08-29) -7.74%
6 months (2023-05-29) -17.82%
1 year (2022-11-29) -25.13%
2 years (2021-11-29) -48.56%
3 years (2020-11-27) -33.80%
5 years (2018-11-29) 169.81%

Is Nickel Mines under- or over-valued?

Valuing Nickel Mines stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Nickel Mines 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Nickel Mines 's P/E ratio

Nickel Mines 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 15x. In other words, Nickel Mines shares trade at around 15x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Nickel Mines 's EBITDA

Nickel Mines 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $325.8 million (£170 million).

The EBITDA is a measure of a Nickel Mines 's overall financial performance and is widely used to measure a its profitability.

Nickel Mines financials

Revenue TTM $1.6 billion
Operating margin TTM 11.72%
Gross profit TTM $360.4 million
Return on assets TTM 5.6%
Return on equity TTM 7.49%
Profit margin 5.74%
Book value 0.492
Market capitalisation $3.1 billion

TTM: trailing 12 months

Nickel Mines share dividends


Dividend payout ratio: 81.66% of net profits

Recently Nickel Mines has paid out, on average, around 81.66% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 5.56% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Nickel Mines shareholders could enjoy a 5.56% return on their shares, in the form of dividend payments. In Nickel Mines 's case, that would currently equate to about A$0.027 per share.

Nickel Mines 's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 3 August 2023 (the "ex-dividend date").

Nickel Mines share price volatility

Over the last 12 months, Nickel Mines 's shares have ranged in value from as little as $0.71 up to $1.1174. A popular way to gauge a stock's volatility is its "beta".

NIC.AU volatility(beta: 1.07)Avg. volatility(beta: 1.00)LowHigh

Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Nickel Mines 's is 1.065. This would suggest that Nickel Mines 's shares are a little bit more volatile than the average for this exchange and represent, relatively speaking, a slightly higher risk (but potentially also market-beating returns).

Nickel Mines overview

Nickel Industries Limited engages in nickel ore mining and nickel pig iron production operations in Singapore and Indonesia. It holds an 80% interest in the Hengjaya Mine that covers an area of 5,983 hectares located in the Morowali Regency of Central Sulawesi; 80% interest in the Ranger Nickel project; 80% interest in the Angel Nickel project; and 70% interest in the Oracle Nickel project. The company was formerly known as Nickel Mines Limited and changed its name to Nickel Industries Limited in June 2022. Nickel Industries Limited was incorporated in 2007 and is based in Sydney, Australia.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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