Nomad Royalty Company Ltd. (TSE:NSR)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.07 and last traded at C$7.58, with a volume of 7877 shares trading hands. The stock had previously closed at C$7.87.
A number of research firms have issued reports on NSR. Canaccord Genuity lifted their target price on Nomad Royalty from C$16.00 to C$16.50 and gave the company a “na” rating in a research report on Friday, July 16th. CIBC decreased their target price on Nomad Royalty to C$11.00 and set a “neutral” rating on the stock in a research report on Monday, August 23rd. Raymond James decreased their target price on Nomad Royalty from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Scotiabank reduced their price target on Nomad Royalty from C$18.50 to C$14.50 in a report on Tuesday, October 5th.
The company has a market capitalization of C$453.25 million and a P/E ratio of 36.36. The company has a debt-to-equity ratio of 11.95, a current ratio of 0.71 and a quick ratio of 0.68. The company has a fifty day moving average price of C$8.19 and a two-hundred day moving average price of C$6.15.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Friday, October 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Tuesday, September 28th. Nomad Royalty’s dividend payout ratio is currently 71.14%.
About Nomad Royalty (TSE:NSR)
Nomad Royalty Company Ltd. operates as a gold and silver royalty company that purchases rights to the gold or silver produced from a mine. It owns a portfolio of 10 royalty, stream, and gold loan assets. The company is based in Montreal, Canada.
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