Nomad Royalty (OTCMKTS:NSRXF) Price Target Cut to $1.50

Nomad Royalty (OTCMKTS:NSRXF) had its price target lowered by stock analysts at Scotiabank from $2.00 to $1.50 in a research note issued to investors on Tuesday, The Fly reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 89.04% from the stock’s previous close.

NSRXF has been the topic of several other research reports. Raymond James started coverage on Nomad Royalty in a research report on Wednesday, January 27th. They issued an “outperform” rating on the stock. BMO Capital Markets upgraded Nomad Royalty from a “market perform” rating to an “outperform” rating in a research report on Friday, December 18th.

OTCMKTS NSRXF opened at $0.79 on Tuesday. The firm has a 50 day moving average price of $0.81. Nomad Royalty has a 1-year low of $0.26 and a 1-year high of $1.50.

About Nomad Royalty

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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