HC Wainwright Has Positive Estimate for NMG FY2026 Earnings

Key Points

• HC Wainwright raised its FY2026 EPS estimate for Nouveau Monde Graphite to a loss of $0.07 per share from a prior loss estimate of $0.25, while maintaining a Buy rating and $4.50 price target.
• Nouveau Monde reported quarterly EPS of $0.03, exceeding analysts’ expected loss of $0.03. The stock has a consensus Moderate Buy rating and an average price target of $4.67.
• NMG shares opened at $1.47, near the lower end of their 52-week range of $1.26 to $6.06. Institutional investors own approximately 41.09% of the company.

Nouveau Monde Graphite Inc. (NYSE:NMG - Free Report) - Equities research analysts at HC Wainwright increased their FY2026 EPS estimates for Nouveau Monde Graphite in a research report issued on Monday, August 24th. HC Wainwright analyst H. Ihle now expects that the company will earn ($0.07) per share for the year, up from their prior estimate of ($0.25). HC Wainwright currently has a "Buy" rating and a $4.50 target price on the stock. The consensus estimate for Nouveau Monde Graphite's current full-year earnings is ($0.20) per share.

Nouveau Monde Graphite (NYSE:NMG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.06.

Several other equities analysts have also recently issued reports on NMG. Wall Street Zen upgraded Nouveau Monde Graphite from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Weiss Ratings upgraded shares of Nouveau Monde Graphite from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, August 18th. Roth Capital set a $3.50 target price on shares of Nouveau Monde Graphite in a research note on Monday, May 18th. Finally, Zacks Research cut shares of Nouveau Monde Graphite from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $4.67.

Nouveau Monde Graphite Stock Performance

NYSE NMG opened at $1.47 on Wednesday. The stock has a market capitalization of $235.62 million, a P/E ratio of -4.58 and a beta of 0.83. Nouveau Monde Graphite has a 52 week low of $1.26 and a 52 week high of $6.06. The stock has a fifty day moving average of $1.44 and a 200-day moving average of $1.85.

Institutional Investors Weigh In On Nouveau Monde Graphite

A number of institutional investors have recently made changes to their positions in NMG. Renaissance Technologies LLC grew its position in shares of Nouveau Monde Graphite by 1,185.2% during the 1st quarter. Renaissance Technologies LLC now owns 1,433,023 shares of the company's stock worth $3,210,000 after buying an additional 1,321,523 shares during the period. Pacifica Partners Inc. acquired a new stake in shares of Nouveau Monde Graphite in the 2nd quarter valued at approximately $47,000. Bank of America Corp DE boosted its stake in Nouveau Monde Graphite by 5,215.1% during the 1st quarter. Bank of America Corp DE now owns 89,826 shares of the company's stock worth $201,000 after acquiring an additional 88,136 shares during the last quarter. Royal Bank of Canada boosted its stake in Nouveau Monde Graphite by 36.7% during the 4th quarter. Royal Bank of Canada now owns 68,298 shares of the company's stock worth $170,000 after acquiring an additional 18,329 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Nouveau Monde Graphite during the third quarter valued at approximately $96,000. 41.09% of the stock is owned by institutional investors and hedge funds.

About Nouveau Monde Graphite

Nouveau Monde Graphite is a Canadian mineral development company focused on the exploration, development and production of high-purity natural graphite for the electric vehicle and energy storage markets. The company’s flagship Matawinie graphite project, located north of Montreal in the province of Québec, represents one of the largest known high-grade natural graphite deposits globally. Nouveau Monde Graphite aims to advance the project toward commercial production by leveraging Québec’s abundant renewable hydroelectric power and strong mining expertise.

In addition to its core mining operations, the company operates a demonstration plant in Bécancour, Québec, where it produces coated spherical purified graphite (CSPG) anode material.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source