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Last $10.40 PHP
Change Today -0.02 / -0.19%
Volume 1.3M
NIKL On Other Exchanges
Symbol
Exchange
OTC US
Philippines
As of 3:20 AM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

nickel asia corp (NIKL) Snapshot

Open
$10.46
Previous Close
$10.42
Day High
$10.46
Day Low
$10.34
52 Week High
01/14/15 - $16.22
52 Week Low
04/15/15 - $9.48
Market Cap
79.0B
Average Volume 10 Days
2.2M
EPS TTM
$1.14
Shares Outstanding
7.6B
EX-Date
04/10/15
P/E TM
9.1x
Dividend
$0.35
Dividend Yield
6.41%
Current Stock Chart for NICKEL ASIA CORP (NIKL)

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nickel asia corp (NIKL) Details

Nickel Asia Corporation engages in the mining and exploration of nickel saprolite and limonite ore, and limestone. The company operates four lateritic nickel mines, including Rio Tuba, Taganito, Cagdianao, and Taganaan mines, which are located in the southern half of the Philippines. It also has five properties in various exploration stages for nickel. The company exports its saprolite and limonite ore to customers for the production of ferronickel and nickel pig iron in Japan and China. In addition, it is involved in the chartering out of landing craft transport; and provision of marine services. The company was founded in 1977 and is based in Taguig City, the Philippines.

1,484 Employees
Last Reported Date: 05/13/15
Founded in 1977

nickel asia corp (NIKL) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

nickel asia corp (NIKL) Key Developments

Nickel Asia Corporation Reports Operating Results for the First Half Ended June 30, 2015

Nickel Asia Corporation reported operating results for the first half ended June 30, 2015. The company reported that four operating mines sold an aggregate 9.68 million wet metric tons (WMT) of nickel ore in the first half ended June 30, 2015, as compared to 7.73 million WMT in the same period last year, or an increase of 25%. Due to lower ore prices, however, the estimated value of shipments during the first half of 2015 decreased to PHP 7.46 billion compared to PHP 8.93 billion reported in the comparable period last year. The estimated realized nickel price on 6.07 million WMT of ore sales to Japanese and Chinese customers in the first half of this year averaged $23.10 per WMT, much lower than the average of $41.52 per WMT realized during the same period last year. It will be recalled that it was during the second quarter of last year when a surge in ore prices occurred due to the expectation of supply tightness resulting from the effects of the Indonesian export ore ban. With respect to low-grade limonite ore to both the Coral Bay and Taganito processing plants, which remain linked to LME prices, the Company realized an average of $6.22 per pound of payable nickel on 3.61 million WMT sold during the first six months of the year. This compares to an average price of $7.57 per pound of payable nickel on similar volumes sold during the comparable period last year. On a per mine basis, the Company's Taganito mine accounted for 38% of total shipments during this first half. The mine shipped a total of 1.10 million WMT of saprolite ore and 2.60 million WMT of limonite ore, including 2.06 million WMT to the Taganito HPAL plant. The comparable figures for last year were 949,000 WMT, 2.34 million WMT and 1.96 million WMT, respectively. The Rio Tuba mine accounted for 39% of total shipments, which consists of 2.21 million WMT of saprolite ore and 1.55 million WMT of limonite ore deliveries to the Coral Bay HPAL plant. For the comparable period last year, Rio Tuba sold 998,000 WMT of saprolite ore and 1.98 million WMT of limonite ore, of which 1.66 million WMT was delivered to the Coral Bay plant. Shipments from the Company's Cagdianao mine rose more than three times in the first half of the year to 1.0 million WMT compared to 322,000 WMT in 2014. Ore sales consisted of 309,000 WMT of saprolite ore and 695,000 WMT of limonite ore, compared to 212,000 WMT and 110,000 WMT, respectively, last year. The Hinatuan mine shipped a total of 158,000 WMT of saprolite ore and 1.05 million WMT of limonite ore during this first half, almost the same volumes as in the prior year's comparable period.

Nickel Asia Corporation Amends Articles of Incorporation

Nickel Asia Corporation announced amendment of the Articles of Incorporation to increase the Authorized Capital Stock.

Nickel Asia Corporation Announces Unaudited Consolidated Financial Results for the Quarter Ended March 31, 2015

Nickel Asia Corporation announced unaudited consolidated financial results for the quarter ended March 31, 2015. For the quarter, the company reported net cash flows from operating activities were PHP 339,066,000 compared to PHP 286,953,000 a year ago. Return on equity was 0.03% compared to 0.01% a year ago. Return on assets was 0.03% compared to 0.01% a year ago. Acquisitions of property and equipment were PHP 423,688,000 compared to PHP 355,031,000 a year ago.

 

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Industry Analysis

NIKL

Industry Average

Valuation NIKL Industry Range
Price/Earnings 8.7x
Price/Sales 3.1x
Price/Book 2.8x
Price/Cash Flow 8.6x
TEV/Sales 2.2x
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