JSC MMC Norilsk Nickel (OTCMKTS:NILSY) was downgraded by research analysts at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a research report issued to clients and investors on Wednesday, September 20th, MarketBeat reports.
Separately, Societe Generale restated a “hold” rating and issued a $18.00 price objective (up from $15.70) on shares of JSC MMC Norilsk Nickel in a report on Tuesday, September 5th.
JSC MMC Norilsk Nickel (OTCMKTS NILSY) opened at 17.20 on Wednesday. The firm has a market capitalization of $27.22 billion, a PE ratio of 12.65 and a beta of 0.57. JSC MMC Norilsk Nickel has a 52-week low of $13.00 and a 52-week high of $18.39. The stock’s 50 day moving average price is $15.85 and its 200 day moving average price is $15.07.
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About JSC MMC Norilsk Nickel
GMK Noril’skiy nikel’ PAO is engaged in the exploration, extraction, refining of ore and nonmetallic minerals, and sale of base and precious metals produced from ore. The Company’s segments include GMK Group, which includes mining and metallurgy operations, transport services, energy, repair and maintenance services located at Taimyr Peninsula; Group KGMK, which includes mining and metallurgy operations, energy, exploration activities located at Kola Peninsula; Norilsk Nickel Harjavalta, which includes refinery operations located in Finland; Other metallurgical, which includes other metallurgy operations and exploration activities located in Russia and abroad, and Other non-metallurgical, which includes metal and other trading, supply chain management, transport services, energy and utility, research and other activities located in Russia and abroad.
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