NIC Shares Nickel Industries Limited
ASX · ASXLast in our picks 2026-10-23 — not in the current list; analysis below is from that screen
Low-cost Indonesian nickel producer offers high operating leverage to stainless and battery demand recovery.
Future value: $0.78 (+20.00%) · 6-12 months
Signal breakdown
- ▸Cost advantages and nickel-price recovery provide asymmetric upside.
- ▾Below 50-day MA (-18.13%)
- ▸Volume 1.53× average — accumulation
- ▾Near 52-week low (2.1% of range)
- ▸~20% upside to price target
Is NIC a buy right now?
Trend: NIC is trading below the 50-day average (-20.51%), RSI 56 — neutral momentum, with a 3-month return of -21.52%.
Valuation & quality: Nickel Industries Limited trades on forward P/E 5.5, price-to-book 0.90; fundamentals show net margin -0.9%, return on equity 0.3%, revenue growth 13.1% year on year.
Analyst consensus: 8 analysts have a mean 12-month price target of A$1.13 (+82.5% vs the last close; range A$0.80 – A$1.80), consensus rating “strong buy”.
Our screen: BUY (score 3) — Low-cost Indonesian nickel producer offers high operating leverage to stainless and battery demand recovery.
Computed from end-of-day data; not personal advice.
12-month price chart
Monthly returns
| Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 | Oct 26 |
|---|---|---|---|---|---|---|---|
| -7.90% | +10.80% | +2.90% | -10.40% | -14.70% | +6.20% | -7.00% | -22.50% |
Fundamentals
Analyst price target
Technical signals
About Nickel Industries Limited
Nickel Industries Limited engages in nickel ore mining, nickel pig iron, cobalt, and nickel matte production activities. It also produces mixed hydroxide precipitate for use in the electric vehicle supply chain.
Sector: Basic Materials · Industry: Other Industrial Metals & Mining · Australia · Website
Related Mining & Lithium picks
Browse: all ASX stocks · Mining & Lithium picks · today's movers
Market data from end-of-day feeds; AI-generated research for educational purposes only — not investment advice.