Nouveau Monde Graphite Inc. (NYSE:NMG - Free Report) - Roth Capital raised their FY2024 earnings per share estimates for Nouveau Monde Graphite in a note issued to investors on Wednesday, November 20th. Roth Capital analyst J. Reagor now anticipates that the company will post earnings per share of ($0.46) for the year, up from their prior estimate of ($0.50). The consensus estimate for Nouveau Monde Graphite's current full-year earnings is ($0.52) per share. Roth Capital also issued estimates for Nouveau Monde Graphite's Q4 2024 earnings at ($0.09) EPS, Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.05) EPS, Q4 2025 earnings at ($0.05) EPS and FY2025 earnings at ($0.20) EPS.
Separately, HC Wainwright cut their target price on Nouveau Monde Graphite from $3.25 to $3.00 and set a "buy" rating on the stock in a research note on Wednesday, September 4th.
Check Out Our Latest Analysis on NMG
Nouveau Monde Graphite Trading Down 1.6 %
Shares of NYSE:NMG traded down $0.02 on Friday, reaching $1.23. 58,285 shares of the company traded hands, compared to its average volume of 88,515. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $138.47 million, a P/E ratio of -1.95 and a beta of 0.84. Nouveau Monde Graphite has a 52 week low of $1.22 and a 52 week high of $3.13. The business's 50-day simple moving average is $1.45 and its 200 day simple moving average is $1.68.
Institutional Investors Weigh In On Nouveau Monde Graphite
A hedge fund recently raised its stake in Nouveau Monde Graphite stock. National Bank of Canada FI increased its position in Nouveau Monde Graphite Inc. (NYSE:NMG - Free Report) by 6.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 124,610 shares of the company's stock after buying an additional 7,871 shares during the period. National Bank of Canada FI owned about 0.11% of Nouveau Monde Graphite worth $196,000 at the end of the most recent quarter. 41.09% of the stock is owned by institutional investors.
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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