Nouveau Monde Graphite Inc. (NYSE:NMG) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• "Moderate Buy" consensus from seven analysts (1 sell, 1 hold, 3 buy, 2 strong buy) with an average 12‑month target price of $5.40.
• NMG opened at $2.14 and has traded between $1.58 and $6.06 over the past 12 months, with a market cap of $343.4M and a negative P/E of -4.36; the company reported quarterly EPS of $0.03 (vs. -$0.07 estimate) while analysts still expect -$0.33 EPS for the year.
• Institutional investors own about 41% of the stock, and Nouveau Monde is advancing the large Matawinie high‑purity graphite project and a Bécancour demonstration plant producing CSPG anode material for EV and energy‑storage markets.

Shares of Nouveau Monde Graphite Inc. (NYSE:NMG - Get Free Report) have been given an average rating of "Moderate Buy" by the seven analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $5.40.

NMG has been the subject of a number of recent analyst reports. National Bank Financial raised Nouveau Monde Graphite to a "strong-buy" rating in a research report on Friday, April 17th. Maxim Group initiated coverage on shares of Nouveau Monde Graphite in a research note on Tuesday, January 20th. They issued a "buy" rating and a $6.00 price target on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Nouveau Monde Graphite in a research note on Thursday, January 22nd. Finally, HC Wainwright reduced their price target on shares of Nouveau Monde Graphite from $7.50 to $5.50 and set a "buy" rating on the stock in a research note on Friday, January 30th.

Nouveau Monde Graphite Price Performance

Nouveau Monde Graphite stock opened at $2.14 on Monday. Nouveau Monde Graphite has a 12-month low of $1.58 and a 12-month high of $6.06. The stock has a market cap of $343.37 million, a P/E ratio of -4.36 and a beta of 0.78. The company has a 50-day moving average price of $2.19 and a 200 day moving average price of $2.55. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.02.

Nouveau Monde Graphite (NYSE:NMG - Get Free Report) last announced its quarterly earnings results on Wednesday, March 25th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.10. Sell-side analysts anticipate that Nouveau Monde Graphite will post -0.33 earnings per share for the current year.

Institutional Investors Weigh In On Nouveau Monde Graphite

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Intrepid Family Office LLC purchased a new stake in shares of Nouveau Monde Graphite in the 4th quarter valued at approximately $25,000. XTX Topco Ltd lifted its stake in Nouveau Monde Graphite by 100.8% during the 2nd quarter. XTX Topco Ltd now owns 25,522 shares of the company's stock worth $42,000 after acquiring an additional 12,811 shares in the last quarter. Royal Bank of Canada boosted its holdings 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 valued at $170,000 after acquiring an additional 18,329 shares during the period. CWM LLC purchased a new position in Nouveau Monde Graphite during the 4th quarter valued at about $46,000. Finally, Banque Cantonale Vaudoise acquired a new position in Nouveau Monde Graphite in the 3rd quarter valued at about $58,000. 41.09% of the stock is owned by hedge funds and other institutional investors.

Nouveau Monde Graphite Company Profile

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.

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