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

Company Overview

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. It also involved in the real estate and trading activities. 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.

Key Stats

• Today's Range: $1.42 to $1.65
• 50-Day Range: $1.24 to $1.70
• 52-Week Range: $1.22 to $3.07
• Volume: 124,165 shs
• Average Volume: 92,276 shs
• Market Capitalization: $160.99 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $3.00
• Consensus Rating: Buy

Nouveau Monde Graphite Stock Analysis - MarketRank™

Nouveau Monde Graphite scored higher than 52% of companies evaluated by MarketBeat, and ranked 128th out of 192 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

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 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Nouveau Monde Graphite has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Nouveau Monde Graphite are expected to grow in the coming year, from ($0.50) to ($0.26) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Nouveau Monde Graphite is -2.23, 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 -2.23, 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 2.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

0.69% 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 5.

Change versus previous month

Short interest in Nouveau Monde Graphite has recently increased by 1.51%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.69% 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 5.

Change versus previous month

Short interest in Nouveau Monde Graphite has recently increased by 1.51%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.41

News Sentiment

Nouveau Monde Graphite has a news sentiment score of 0.41. 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 lower news sentiment than the 0.52 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Nouveau Monde Graphite this week, compared to 1 article on an average week.

MarketBeat Follows

4 people have added Nouveau Monde Graphite to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

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

41.09% of the stock of Nouveau Monde Graphite is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NMG Stock Analysis - Frequently Asked Questions

How have NMG shares performed this year?

Nouveau Monde Graphite's stock was trading at $2.61 on January 1st, 2024. Since then, NMG shares have decreased by 45.2% and is now trading at $1.43.
View the best growth stocks for 2024 here.

How were Nouveau Monde Graphite's earnings last quarter?

Nouveau Monde Graphite Inc. (NYSE:NMG) issued its quarterly earnings results on Wednesday, November, 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $0.05.

Who are Nouveau Monde Graphite's major shareholders?

Nouveau Monde Graphite's top institutional investors include National Bank of Canada FI (0.11%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Nouveau Monde Graphite own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Nouveau Monde Graphite investors own include Schwab US Large-Cap ETF (SCHX), NVIDIA (NVDA), Taiwan Semiconductor Manufacturing (TSM), Moderna (MRNA), Advanced Micro Devices (AMD), Comcast (CMCSA) and 3D Systems (DDD).

Company Calendar

• Last Earnings: 11/08/2023
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Miscellaneous metal ores
• Sub-Industry: Non-Metallic And Industrial Metal Mining
• Current Symbol: NYSE:NMG
• CUSIP: N/A
• CIK: 1649752
• Web: nouveaumonde.group
• Phone: (450) 757-8905
• Fax: N/A
• Employees: 122
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $3.00
• High Stock Price Target: $3.00
• Low Stock Price Target: $3.00
• Potential Upside/Downside: +109.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.64)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-41,470,000.00
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -75.25%
• Return on Assets: -44.67%

Debt

• Debt-to-Equity Ratio: 0.02
• Current Ratio: 1.74
• Quick Ratio: 1.74

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.66 per share
• Price / Book: 2.17

Miscellaneous

• Outstanding Shares: 112,579,000
• Free Float: 87,001,000
• Market Cap: $160.99 million
• Optionable: Not Optionable
• Beta: 0.79