Nouveau Monde Graphite Inc. (NYSE:NMG) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Nouveau Monde Graphite has a consensus analyst rating of "Moderate Buy" from seven brokerages (1 sell, 1 hold, 4 buy, 1 strong buy) with an average 12‑month target price of $5.40.
• The stock opened at $2.30 (market cap ≈ $369M), trades in a 52‑week range of $1.32–$6.06 and has a negative P/E (-4.68), despite a recent quarterly EPS beat of $0.03 versus a -$0.07 estimate.
• Nouveau Monde is advancing the large Matawinie high‑purity graphite project in Québec and runs a demonstration plant producing coated spherical purified graphite (CSPG) for EV battery anodes, targeting the energy storage market.

Nouveau Monde Graphite Inc. (NYSE:NMG - Get Free Report) has earned an average rating of "Moderate Buy" from the seven brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $5.40.

Several equities analysts have recently weighed in on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Nouveau Monde Graphite in a research report on Thursday, January 22nd. Zacks Research raised Nouveau Monde Graphite from a "strong sell" rating to a "hold" rating in a research report on Monday, December 15th. BMO Capital Markets assumed coverage on Nouveau Monde Graphite in a research report on Friday, December 12th. They set an "outperform" rating on the stock. Maxim Group assumed coverage on Nouveau Monde Graphite in a research report on Tuesday, January 20th. They set a "buy" rating and a $6.00 target price on the stock. Finally, HC Wainwright cut their target price on Nouveau Monde Graphite from $7.50 to $5.50 and set a "buy" rating on the stock in a research report on Friday, January 30th.

Nouveau Monde Graphite Stock Performance

NYSE NMG opened at $2.30 on Thursday. The company has a market cap of $369.10 million, a P/E ratio of -4.68 and a beta of 0.84. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.87 and a current ratio of 0.87. The business's 50 day moving average price is $2.24 and its 200-day moving average price is $2.66. Nouveau Monde Graphite has a fifty-two week low of $1.32 and a fifty-two week high of $6.06.

Nouveau Monde Graphite (NYSE:NMG - Get Free Report) last released its earnings results on Wednesday, March 25th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.10. Sell-side analysts predict that Nouveau Monde Graphite will post -0.47 earnings per share for the current year.

Hedge Funds Weigh In On Nouveau Monde Graphite

Several large investors have recently modified their holdings of the stock. Intrepid Family Office LLC bought a new position in Nouveau Monde Graphite in the 4th quarter valued at $25,000. XTX Topco Ltd grew its position in Nouveau Monde Graphite by 100.8% in the 2nd quarter. XTX Topco Ltd now owns 25,522 shares of the company's stock valued at $42,000 after acquiring an additional 12,811 shares during the last quarter. Royal Bank of Canada grew its position in Nouveau Monde Graphite by 36.7% in 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 last quarter. CWM LLC bought a new position in Nouveau Monde Graphite in the 4th quarter valued at $46,000. Finally, Banque Cantonale Vaudoise bought a new position in Nouveau Monde Graphite in the 3rd quarter valued at $58,000. Institutional investors own 41.09% of the company's stock.

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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