Nouveau Monde Graphite (NYSE:NMG - Get Free Report) was upgraded by National Bank Financial to a "hold" rating in a report released on Thursday, September 11th,Zacks.com reports.
Nouveau Monde Graphite Trading Up 4.0%
Shares of NYSE NMG traded up $0.09 during midday trading on Thursday, reaching $2.23. 151,085 shares of the stock were exchanged, compared to its average volume of 84,818. Nouveau Monde Graphite has a 12 month low of $1.22 and a 12 month high of $2.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.70 and a quick ratio of 1.70. The business has a 50-day simple moving average of $1.95 and a two-hundred day simple moving average of $1.77. The company has a market capitalization of $338.78 million, a price-to-earnings ratio of -6.36 and a beta of 0.75.
Nouveau Monde Graphite (NYSE:NMG - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). As a group, equities research analysts expect that Nouveau Monde Graphite will post -0.47 EPS for the current year.
Institutional Investors Weigh In On Nouveau Monde Graphite
Hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd increased its stake 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 buying an additional 12,811 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in shares of Nouveau Monde Graphite during the 1st quarter worth about $45,000. Finally, Millennium Management LLC boosted its holdings in shares of Nouveau Monde Graphite by 51.9% during the 4th quarter. Millennium Management LLC now owns 47,755 shares of the company's stock worth $76,000 after buying an additional 16,312 shares during the period. 41.09% of the stock is currently owned by institutional investors and hedge funds.
About Nouveau Monde Graphite
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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.
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