Analysts Offer Profit Forecast for Nomad Royalty Company Ltd. in the third quarter of 2022 (TSE:NSR)
Nomad Royalty Company Ltd. (TSE:NSR – Get Rating) – Raymond James Research analysts reduced their third quarter 2022 EPS estimates for Nomad Royalty in a research note released to investors on Tuesday, April 19. Raymond James analyst B. Macarthur now expects the company to earn $0.04 per share for the quarter, down from its previous estimate of $0.06. Raymond James currently has an “outperform” rating and a target price of $16.00 on the stock. Raymond James also released estimates for Nomad Royalty fourth quarter 2022 earnings at $0.05 EPS, full year 2022 earnings at $0.16 EPS, Q1 2023 earnings at $0.05 EPS, Q2 2023 earnings at $0.05 EPS, Q3 2023 earnings at $0.05 EPS and Q4 2023 earnings at $0.06 EPS.
Nomad Royalty (TSE:NSR – Get Rating) last reported quarterly earnings data on Tuesday, February 22. The company reported earnings per C$ ($0.03) share for the quarter, missing the consensus estimate of C$0.04 per C$ ($0.07). The company reported revenue of C$8.55 million during the quarter.
A number of other analysts have also recently released reports on the company. Stifel Nicolaus reiterated a “buy” rating and set a price target of C$21.00 on Nomad Royalty shares in a Thursday, February 10 research report. BMO Capital Markets set a price target of C$14.00 on Nomad Royalty and gave the company an “outperform” rating in a Friday, January 21 research report. Two equity research analysts gave the stock a hold rating and three gave the company a buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$13.75.
Shares of NSR opened at C$10.24 on Thursday. Nomad Royalty has a fifty-two week minimum of C$7.34 and a fifty-two week maximum of C$12.00. The company has a 50-day moving average of C$9.15 and a 200-day moving average of C$9.06. The company has a debt ratio of 27.07, a quick ratio of 0.88 and a current ratio of 1.05. The company has a market capitalization of C$629.32 million and a P/E ratio of -269.47.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 14. Shareholders of record on Thursday, March 31 received a dividend of $0.05. The ex-dividend date was Wednesday, March 30. This represents a dividend of $0.20 on an annualized basis and a yield of 1.95%. Nomad Royalty’s Dividend Payout Rate (DPR) is currently -416.71%.
About nomadic royalty (Get a rating)
Nomad Royalty Company Ltd. operates as a gold and silver royalty company that buys rights to the gold or silver produced from a mine. It has a portfolio of 10 gold royalty, stream and loan assets. The company is based in Montreal, Canada.
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