NYSE:NMG

Nouveau Monde Graphite (NMG) Stock Forecast, Price & News

$2.40

-0.09 (-3.61%)

(As of 09/25/2023 ET)

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Today's Range: $2.40
▼
$2.59
50-Day Range: $2.40
▼
$3.13
52-Week Range: $2.40
▼
$5.97

Volume: 92,908 shs
Average Volume: 65,068 shs
Market Capitalization: $146.17 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $8.00

Nouveau Monde Graphite MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 233.3% Upside
$8.00 Price Target
Short Interest: Healthy
0.47% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.64) to ($0.49) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

Basic Materials Sector

80th out of 164 stocks

Miscellaneous Metal Ores Industry

1st out of 3 stocks

3.5

Analyst's Opinion

Consensus Rating
Nouveau Monde Graphite has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $8.00, Nouveau Monde Graphite has a forecasted upside of 233.3% from its current price of $2.40.
Amount of Analyst Coverage
Nouveau Monde Graphite has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.47% of the float of Nouveau Monde Graphite has been sold short.
Short Interest Ratio / Days to Cover
Nouveau Monde Graphite has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Nouveau Monde Graphite has recently increased by 17.67%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Nouveau Monde Graphite does not currently pay a dividend.
Dividend Growth
Nouveau Monde Graphite does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NMG.

4.4

News and Social Media Coverage

News Sentiment
Nouveau Monde Graphite has a news sentiment score of 1.91. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Nouveau Monde Graphite this week, compared to 0 articles on an average week.
Search Interest
3 people have searched for NMG on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
4 people have added Nouveau Monde Graphite to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Nouveau Monde Graphite insiders have not sold or bought any company stock.
Percentage Held by Insiders
22.72% of the stock of Nouveau Monde Graphite is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 6.91% of the stock of Nouveau Monde Graphite is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Nouveau Monde Graphite are expected to grow in the coming year, from ($0.64) to ($0.49) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Nouveau Monde Graphite is -3.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nouveau Monde Graphite is -3.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Nouveau Monde Graphite has a P/B Ratio of 2.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Nouveau Monde Graphite (NYSE:NMG) Stock

Nouveau Monde Graphite Inc. engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It primarily explores for graphite. The company's holds interest in the Matawinie Mine Project and the Battery Material Plant project situated in the Montreal, Quebec. It also engages in the real estate and trading businesses. The company was formerly known as Nouveau Monde Mining Enterprises Inc. and changed its name to Nouveau Monde Graphite Inc. in February 2017. Nouveau Monde Graphite Inc. was founded in 2011 and is headquartered in Saint-Michel-des-Saints, Canada.

NMG Price History

30 days | 90 days | 365 days | Advanced Chart

NMG Stock News Headlines

September 21, 2023 | finance.yahoo.com

NMG and Panasonic Energy Announce Progress Update on Technological and Commercial Collaboration as Canada and Japan Reinforce Trade Relationship for a Low-Carbon Economy

August 9, 2023 | au.finance.yahoo.com

NMG - Nouveau Monde Graphite Inc.

September 25, 2023 | Chaikin Analytics (Ad)

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July 19, 2023 | baystreet.ca

With the EV Boom Accelerating, Now is the Time to Invest in Graphite

June 19, 2023 | juniorminingnetwork.com

Nouveau Monde Graphite Provides Commercial Update and Discloses Annual General & Special Meeting Voting Results

June 19, 2023 | finance.yahoo.com

NMG Provides Commercial Update and Discloses Annual General & Special Meeting Voting Results

May 25, 2023 | finance.yahoo.com

Neiman Marcus Group CEO Geoffroy van Raemdonck Honored at the 74th Annual Parsons Benefit

May 11, 2023 | businesswire.com

NMG publie son Rapport ESG 2022, présente une mise à jour opérationnelle et annonce son assemblée générale et extraordinaire annuelle des actionnaires

September 25, 2023 | Chaikin Analytics (Ad)

This is the #1 Stock to Buy for the AI Tidal Wave

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May 4, 2023 | finance.yahoo.com

BTV Features: Champion Iron Limited, Defence Therapeutics, Nouveau Monde Graphite, Talisker Resources, Osisko Development & more on FOX Business News

April 20, 2023 | finance.yahoo.com

Caterpillar and NMG Strengthen their Zero-Exhaust Emission Collaboration Through Definitive Agreements for Sourcing the Matawinie Mine’s Fleet and Infrastructure, Plus an Offtake MoU Targeting NMG’s Battery Materials

April 17, 2023 | finance.yahoo.com

NMG Announces Closing of US$22 Million Public Offering of Common Shares in the United States and Canada

April 12, 2023 | finance.yahoo.com

NMG Announces US$22 Million Financing

April 11, 2023 | juniorminingnetwork.com

Nouveau Monde Graphite Announces US$22 Million Financing

April 11, 2023 | msn.com

Nouveau Monde Graphite launches stock offering to raise $22M

April 11, 2023 | finance.yahoo.com

Nouveau Monde Announces US$22 Million Financing

April 1, 2023 | finance.yahoo.com

NMG Pays Accrued Interests

March 31, 2023 | msn.com

Hydro-Québec renvoyée à la table à dessin à Saint-Zénon

March 26, 2023 | businesswire.com

NMG Provides Operational Update and Files 2022 Financial Reports: Progress in Developing what is Planned to Be North America’s Largest Integrated Source of Natural Graphite ...

March 24, 2023 | finance.yahoo.com

NMG Provides Operational Update and Files 2022 Financial Reports: Progress in Developing what is Planned to Be North America’s Largest Integrated Source of Natural Graphite Materials for the Energy Transition

February 27, 2023 | finance.yahoo.com

NMG Files Preliminary Economic Assessment for the Uatnan Mining Project Amidst Positive Market Conditions and Strengthens its Management Team

February 10, 2023 | finance.yahoo.com

NMG Obtains Financial Levers of Up to CA$3.6 Million to Further Develop its Advanced Transformation Processes for Environmentally Friendly Anode Material

January 10, 2023 | finance.yahoo.com

NMG Issues Positive Results of its Preliminary Economic Assessment for the Uatnan Mining Project – One of the World’s Largest Graphite Projects in Development with Indicative NPV in Excess of C$2 Billion

January 2, 2023 | financialpost.com

NMG Capitalizes Accrued Interests

November 11, 2022 | finance.yahoo.com

NMG Reports on Quarter Progress on the Heels of Commercial Partnership with Panasonic Energy and Commencement of Expansion Planning, and Appoints Stephanie Anderson to its Board of Directors

November 8, 2022 | finance.yahoo.com

NMG Announces the Closing of US$50 Million Private Placement by Mitsui, Pallinghurst and Investissement Québec

October 20, 2022 | msn.com

Nouveau Monde Graphite s’allie à Panasonic Energy et Mitsui

See More Headlines

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NMG Company Calendar

Last Earnings: 8/10/2023
Today: 9/25/2023
Next Earnings (Estimated): 11/10/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Miscellaneous metal ores
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: NYSE:NMG
CUSIP: N/A
CIK: 1649752
Web: nouveaumonde.group
Phone: (450) 757-8905
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $8.00
High Stock Price Forecast: $9.00
Low Stock Price Forecast: $7.00
Forecasted Upside/Downside: +220.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.62)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-36,700,000.00
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: -44.63%
Return on Assets: -23.40%

Debt

Debt-to-Equity Ratio: 0.68
Current Ratio: 7.39
Quick Ratio: 7.40

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.00 per share
Price / Book: 2.50

Miscellaneous

Outstanding Shares: 60,900,000
Free Float: 47,067,000
Market Cap: $152.25 million
Optionable: Not Optionable
Beta: 0.68

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Key Executives

Mr. Eric Desaulniers M.Sc.
MSc, P.Geo, Founder, Pres, CEO & Director

Mr. Charles-Olivier Tarte C.M.A.
CPA, Chief Financial Officer

Mr. Bernard Perron
Chief Operating Officer

Mr. Marc Jasmin CMA
CPA, Director of Investor Relations

Ms. Josee Gagnon
VP of Legal Affairs & Corp. Sec.

Ms. Julie Paquet
VP of Communications & ESG Strategy

Mr. Patrice Boulanger
VP of Sales, Marketing & Bus. Devel.

Mr. Philippe Legault
VP of HR

Mr. Antoine Cloutier
Chief Geologist

Mathieu Bélanger
Corp. Controller

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

NMG Stock - Frequently Asked Questions

Should I buy or sell Nouveau Monde Graphite stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nouveau Monde Graphite in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NMG shares.
View NMG analyst ratings or view top-rated stocks.
What is Nouveau Monde Graphite's stock price forecast for 2023?: 2 Wall Street analysts have issued 12 month price objectives for Nouveau Monde Graphite's shares. Their NMG share price forecasts range from $7.00 to $9.00. On average, they predict the company's stock price to reach $8.00 in the next twelve months. This suggests a possible upside of 220.0% from the stock's current price.
View analysts price targets for NMG or view top-rated stocks among Wall Street analysts.
How have NMG shares performed in 2023?: Nouveau Monde Graphite's stock was trading at $3.82 at the beginning of the year. Since then, NMG shares have decreased by 34.6% and is now trading at $2.50.
View the best growth stocks for 2023 here.
When is Nouveau Monde Graphite's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, November 10th 2023.
View our NMG earnings forecast.
How were Nouveau Monde Graphite's earnings last quarter?: Nouveau Monde Graphite Inc. (NYSE:NMG) released its quarterly earnings results on Thursday, August, 10th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.11.

What is Nouveau Monde Graphite's stock symbol?: Nouveau Monde Graphite trades on the New York Stock Exchange (NYSE) under the ticker symbol "NMG."
Who are Nouveau Monde Graphite's major shareholders?: Nouveau Monde Graphite's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Richelieu Gestion SA (1.35%), Bank of Montreal Can (0.76%), Van ECK Associates Corp (0.71%), Luminus Management LLC (0.41%), Russell Investments Group Ltd. (0.21%) and National Bank of Canada FI (0.16%).
How do I buy shares of Nouveau Monde Graphite?: Shares of NMG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Nouveau Monde Graphite's stock price today?: One share of NMG stock can currently be purchased for approximately $2.50.
How much money does Nouveau Monde Graphite make?: Nouveau Monde Graphite (NYSE:NMG) has a market capitalization of $152.25 million. The company earns $-36,700,000.00 in net income (profit) each year or ($0.62) on an earnings per share basis.
How can I contact Nouveau Monde Graphite?: The official website for the company is nouveaumonde.group. The company can be reached via phone at (450) 757-8905.

This page (NYSE:NMG) was last updated on 9/25/2023 by MarketBeat.com Staff

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