HC Wainwright Has Optimistic Outlook of NMG FY2025 Earnings

Nouveau Monde Graphite Inc. (NYSE:NMG - Free Report) - Equities research analysts at HC Wainwright boosted their FY2025 earnings per share estimates for shares of Nouveau Monde Graphite in a research note issued on Tuesday, July 15th. HC Wainwright analyst H. Ihle now anticipates that the company will earn ($0.44) per share for the year, up from their previous forecast of ($0.46). HC Wainwright currently has a "Buy" rating and a $2.75 price target on the stock. The consensus estimate for Nouveau Monde Graphite's current full-year earnings is ($0.47) per share.

Nouveau Monde Graphite (NYSE:NMG - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02).

Separately, Roth Mkm lowered their target price on Nouveau Monde Graphite from $3.00 to $2.40 and set a "buy" rating for the company in a research report on Wednesday, March 26th.

Nouveau Monde Graphite Stock Performance

NYSE NMG traded down $0.07 on Thursday, reaching $2.12. 761,245 shares of the stock were exchanged, compared to its average volume of 74,429. The firm has a market capitalization of $238.67 million, a PE ratio of -6.63 and a beta of 0.72. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.01. The company's 50-day simple moving average is $1.77 and its two-hundred day simple moving average is $1.78. Nouveau Monde Graphite has a one year low of $1.22 and a one year high of $2.57.

Hedge Funds Weigh In On Nouveau Monde Graphite

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of Montreal Can increased its holdings in Nouveau Monde Graphite by 46.2% in the 4th quarter. Bank of Montreal Can now owns 48,430 shares of the company's stock worth $76,000 after buying an additional 15,300 shares during the period. Millennium Management LLC raised its holdings in shares of Nouveau Monde Graphite by 51.9% during the fourth quarter. Millennium Management LLC now owns 47,755 shares of the company's stock worth $76,000 after purchasing an additional 16,312 shares during the last quarter. Quinn Opportunity Partners LLC lifted its position in Nouveau Monde Graphite by 207.7% during the fourth quarter. Quinn Opportunity Partners LLC now owns 74,068 shares of the company's stock valued at $118,000 after purchasing an additional 50,000 shares during the period. Finally, Arkadios Wealth Advisors purchased a new stake in Nouveau Monde Graphite in the first quarter valued at $45,000. 41.09% of the stock is owned by hedge funds and other institutional investors.

Nouveau Monde Graphite Company Profile

Nouveau Monde Graphite Inc engages in the acquisition, exploration, development, and evaluation of mineral properties in Quebec, Canada. It primarily explores for graphite. The company's flagship property is the 100% owned Matawinie graphite property including 176 mining claims covering an area of 9,264 hectares located in Quebec.