Scotiabank Downgrades Royal Nickel Shares to $1

Base Metals Investing

Watch List News reported that Scotiabank analysts have cut their price target on Royal Nickel Corp. (TSX:RNX) shares to C$1 from $1.60.

Watch List News reported that Scotiabank analysts have cut their price target on Royal Nickel Corp. (TSX:RNX) shares to C$1 from $1.60.

As quoted in the market news:

Scotiabank’s target price indicates a potential upside of 100.00% from the stock’s previous close.

Shares of Royal Nickel (TSE: RNX) opened at 0.50 on Monday. Royal Nickel has a 52 week low of $0.315 and a 52 week high of $0.71. The stock’s 50-day moving average is currently $0.36.

Click here to read the full Watch List News report.

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