HC Wainwright Has Negative Outlook of NMG FY2025 Earnings

Nouveau Monde Graphite Inc. (NYSE:NMG - Free Report) - Analysts at HC Wainwright cut their FY2025 earnings per share (EPS) estimates for Nouveau Monde Graphite in a research note issued on Tuesday, April 1st. HC Wainwright analyst H. Ihle now forecasts that the company will earn ($0.46) per share for the year, down from their previous forecast of ($0.33). HC Wainwright currently has a "Buy" rating and a $2.75 target price 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 quarterly earnings data on Monday, March 31st. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.08).

Separately, Roth Mkm dropped their target price on shares of Nouveau Monde Graphite from $3.00 to $2.40 and set a "buy" rating on the stock in a research note on Wednesday, March 26th.

Nouveau Monde Graphite Stock Performance

NMG traded down $0.01 during trading on Thursday, hitting $1.41. 11,630 shares of the company traded hands, compared to its average volume of 84,464. Nouveau Monde Graphite has a one year low of $1.22 and a one year high of $2.57. The stock's fifty day moving average is $1.72 and its 200 day moving average is $1.62. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.02. The firm has a market cap of $158.74 million, a P/E ratio of -2.20 and a beta of 0.76.

Institutional Trading of Nouveau Monde Graphite

Several hedge funds have recently made changes to their positions in NMG. SBI Securities Co. Ltd. purchased a new stake in Nouveau Monde Graphite in the 4th quarter worth about $26,000. Millennium Management LLC boosted its position in 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 period. Bank of Montreal Can increased its stake in shares of Nouveau Monde Graphite by 46.2% in the fourth quarter. Bank of Montreal Can now owns 48,430 shares of the company's stock worth $76,000 after purchasing an additional 15,300 shares in the last quarter. Quinn Opportunity Partners LLC raised its position in shares of Nouveau Monde Graphite by 207.7% in 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, National Bank of Canada FI lifted its stake in shares of Nouveau Monde Graphite by 6.7% during the 3rd quarter. National Bank of Canada FI now owns 124,610 shares of the company's stock valued at $196,000 after buying an additional 7,871 shares in the last quarter. 41.09% of the stock is currently owned by institutional investors.

About Nouveau Monde Graphite

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.