UBS cuts target to AUD 1.05 for Nickel Industries stock

Published on 10/17/2026 at 18:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due on October 22, 2026. Nickel Industries stock was last at AUD 0.69 on October 16, 2026, down 2.13 percent versus its ASX close.

Targets, dates and market position

On October 8, 2026, UBS cut its Nickel Industries target to AUD 1.05.
Nickel Industries is scheduled to report third-quarter results on October 22, 2026.
Nickel Industries stock was last at AUD 0.69 on October 16, 2026 at 4:10 p.m. AEDT, down 2.13 percent versus the ASX prior close.
Nickel Industries had a market capitalization of AUD 3.0 billion on October 16, 2026.

Nickel Industries, AU0000018236, Illustration mit AI erstellt.

UBS cut its target for Nickel Industries to AUD 1.05 on October 8, 2026, according to Moomoo. Against the ASX price of AUD 0.69 on October 16, 2026, that target sits 52.17 percent above the last traded price. Nickel Industries was last at AUD 0.69 on October 16, 2026 at 4:10 p.m. AEDT on the ASX, down 2.13 percent from the prior close.

October 22 results are next

The next scheduled corporate marker is the third-quarter report on October 22, 2026. Simply Wall St listed that date in an update dated October 13, 2026. The timing gives the market a near-term test for operating progress after a period of project investment.

Stock stays above its yearly low

Nickel Industries traded within an AUD 0.66 to AUD 1.13 52-week range on October 16, 2026. The last price was 4.55 percent above the low and 38.94 percent below the high. Volume reached 12,944,631 shares, against an average of 7,244,555, while the ASX session change was minus 2.13 percent.

On September 18, 2026, The Motley Fool Australia reported that dry conditions had constrained water supply at the Excelsior Nickel Cobalt HPAL project, with normal operations expected to resume by December.

Valuation and company scale

Nickel Industries had a market capitalization of AUD 3.0 billion on October 16, 2026. The finance profile classifies the company in Basic Materials and Industrial Materials. Its portfolio is centered on nickel ore extraction and nickel pig iron production in Indonesia and Singapore.

Comparison with peers

Nickel Industries (ASX, AUD): minus 2.13 percent, market capitalization AUD 3.0 billion

IGO Limited (ASX, AUD): plus 0.93 percent, P/E 27.91, market capitalization AUD 4.1 billion

South32 Limited (ASX, AUD): plus 3.58 percent, P/E 13.41, market capitalization AUD 20.7 billion

Next marker for the stock

The October 22 reporting date and the AUD 1.05 UBS target give investors two concrete markers for assessing Nickel Industries after the October 16 ASX close.