Norilsk Nickel is the world's leading producer of nickel and palladium. The group also produces and sells silver and copper. Net sales break down by activity as follows: - sale of metals (94.8%): palladium (39% of net sales), copper (22.2%), nickel (21.2%), rhodium (6.2%), platinum (4%), gold (3.8%) and other (3.6%); - other (5.2%): primarily electricity production and transportation and logistics services.

Employees

Sector

Specialty Mining & Metals

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Analysis / Opinion

Nornickel: 2025 was a long-awaited inflection point

13 February 2026 at 03:14 am AEDT

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.653USD

Average target price

1.874USD

Spread / Average Target

-29.36%

Consensus

Annual profits - Rate of surprise

Company calendar

End-of-day quote Moscow Micex - RTS Other stock markets 08/07/2022			5-day change	1st Jan Change
167.20 ^RUB	+1.03%		-.--%	-

14/02	US Commerce Dept gives initial backing to Sibanye-Stillwater's call for tariffs on Russian palladium	RE
13/02	Russia's Nornickel to shift part of nickel output to copper plant during repairs	RE

Capitalization	40.55B 3,112B 34.32B 31.31B 29.94B 55.45B 3,678B 57.37B 365B 145B 1,775B 152B 149B 6,260B	P/E ratio 2026 *	-	P/E ratio 2027 *	-
Enterprise value	40.55B 3,112B 34.32B 31.31B 29.94B 55.45B 3,678B 57.37B 365B 145B 1,775B 152B 149B 6,260B	EV / Sales 2026 *	2.87x	EV / Sales 2027 *	2.77x
Free-Float	36.6%	Yield 2026 *	-	Yield 2027 *	-

14/02	US Commerce Dept gives initial backing to Sibanye-Stillwater's call for tariffs on Russian palladium	RE
13/02	Russia's Nornickel to shift part of nickel output to copper plant during repairs	RE
13/02	Nornickel: 2025 was a long-awaited inflection point
12/02	Russian metal producer Nornickel reports 36% rise in net profit	RE
12/02	Russia's Nornickel says 2025 net profit up 36%	RE
12/02	Russian metal producer Nornickel reports 36% rise in net profit	RE
11/02	Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel Reports Earnings Results for the Full Year Ended December 31, 2025	CI
06/02	Another big M&A effort bites the dust
30/01	ROI-US, Europe fall behind in the race to control the Arctic: Vladimirov and Petrova	RE
29/01	Russia's Nornickel sees 2026 nickel output broadly in line with previous year	RE
28/01	Russia's Nornickel sees nickel output at 193,000 to 203,000 tons in 2026	RE
23/01	Rio Tinto-Glencore merger seen as last mega-deal
09/01	Rio Tinto and Glencore advance merger talks

13/02	Nornickel: 2025 was a long-awaited inflection point
06/02	Another big M&A effort bites the dust
23/01	Rio Tinto-Glencore merger seen as last mega-deal
09/01	Rio Tinto and Glencore advance merger talks
30/12	Nornickel signals improving shareholder rewards prospects

Nornickel ADR Stock

Equities

GMKN

RU0007288411

Specialty Mining & Metals

Valuation: Nornickel ADR

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Analysts' recommendations: Nornickel ADR

Press Releases: Nornickel ADR

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Quotes and Performance

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Managers and Directors: Nornickel ADR

Other Specialty Mining & Metals

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Company Profile

Income Statement and Estimates

Analysis / Opinion

Analysts' Consensus

Annual profits - Rate of surprise

12/02	Nornickel : Quarterly Earnings Document	PU
10/02	80 Years of Hockey Glory: Vladimir Potanin’s Olympic Collection Federal Tour Kicks Off in Norilsk	PU
31/01	Nornickel : announces senior management appointments	PU
29/01	Nornickel : announces consolidated production results for FY2025	PU
07/11	Nornickel : upgrades catalyst in Sulphur program	PU

28/01	Rusa Nornickel prevé una producción de níquel de entre 193.000 y 203.000 toneladas en 2026
27/01	Cinese Anta Sports compra 29% Puma per 1,5 mld euro ma non punta al 100%
22/02/25	Putin dice que Rusia debe acelerar sus planes de extracción de litio
12/09/24	Russland droht USA bei Freigabe von Langstreckenwaffen mit Konsequenzen
12/09/24	Putin dice Rusia debería plantearse restringir exportaciones de uranio, titanio y níquel

Manager	Title	Age	Since
Vladimir Potanin CEO	Chief Executive Officer	65	17/12/2012
Sergey Malyshev DFI	Director of Finance/CFO	56	21/03/2013
Sergey Stepanov COO	Chief Operating Officer	49	20/05/2021

Director	Title	Age	Since
Sergei Batekhin BRD	Director/Board Member	60	01/01/2020
Marianna Aleksandrovna Zakharova BRD	Director/Board Member	49	01/06/2010
Sergey Malyshev BRD	Director/Board Member	56	01/01/2023

Add to a list 0 selected To use this feature you must be a member Log in Sign up	Change	5d. change	1-year change	3-years change	Capi.($)
NORNICKEL ADR	+1.03%	-.--%	-.--%	-.--%	31.84B
SOUTHERN COPPER CORPORATION	+2.48%	-6.71%	+105.16%	+178.02%	155B
FREEPORT-MCMORAN INC.	+2.39%	-4.45%	+59.16%	+49.86%	87.8B
CMOC GROUP LIMITED	-5.09%	-5.30%	+216.71%	+277.02%	67.19B
JIANGXI COPPER COMPANY LIMITED	+3.85%	-0.85%	+248.66%	+232.43%	24.31B
KOREA ZINC COMPANY, LTD.	-3.58%	+67.00%	+105.16%	+197.68%	23.57B
BOLIDEN	-2.78%	-4.90%	+62.88%	+41.20%	19.81B
JX ADVANCED METALS CORPORATION	+3.60%	+2.56%	-	-	19.51B
CHINA TUNGSTEN AND HIGHTECH MATERIALS CO.,LTD	-5.28%	+0.08%	+460.53%	+343.86%	17.29B
SUMITOMO METAL MINING CO., LTD.	+2.16%	-8.37%	+190.83%	+90.10%	16.42B
Average	-0.12%	-0.07%	+161.01%	+156.69%	46.3B
Weighted average by Cap.	+0.55%	-2.75%	+128.41%	+156.00%

	2026 *	2027 *
Net sales	14.15B 1,086B 11.98B 10.93B 10.45B 19.35B 1,284B 20.02B 127B 50.45B 619B 53.08B 51.98B 2,185B	14.65B 1,125B 12.4B 11.31B 10.82B 20.04B 1,329B 20.73B 132B 52.23B 641B 54.95B 53.82B 2,262B
Net income	-	-
Net Debt	-	-

5 years	145		280
10 years	76.77		281.14