Equities Analysts Offer Predictions for NMG FY2024 Earnings

Nouveau Monde Graphite Inc. (NYSE:NMG) – Equities researchers at Roth Capital raised their FY2024 earnings per share estimates for Nouveau Monde Graphite in a note issued to investors on Wednesday, March 26th. Roth Capital analyst J. Reagor now expects that the company will earn ($0.41) per share for the year, up from their previous forecast of ($0.46). The consensus estimate for Nouveau Monde Graphite’s current full-year earnings is ($0.47) per share. Roth Capital also issued estimates for Nouveau Monde Graphite’s Q4 2024 earnings at ($0.06) EPS, Q2 2025 earnings at ($0.04) EPS, Q3 2025 earnings at ($0.04) EPS and FY2025 earnings at ($0.16) EPS.

Other analysts also recently issued research reports about the stock. HC Wainwright reaffirmed a “buy” rating and set a $3.00 target price on shares of Nouveau Monde Graphite in a report on Tuesday, December 17th. Roth Mkm reduced their price target on Nouveau Monde Graphite from $3.00 to $2.40 and set a “buy” rating for the company in a research note on Wednesday.

Nouveau Monde Graphite Stock Down 3.7 %

NMG stock opened at $1.56 on Friday. Nouveau Monde Graphite has a 1-year low of $1.22 and a 1-year high of $2.57. The business’s 50 day simple moving average is $1.82 and its 200 day simple moving average is $1.62. 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 firm has a market capitalization of $175.62 million, a PE ratio of -2.44 and a beta of 0.78.

Institutional Trading of Nouveau Monde Graphite

A number of institutional investors have recently bought and sold shares of NMG. Millennium Management LLC increased its holdings in shares of 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. Quinn Opportunity Partners LLC raised its holdings in Nouveau Monde Graphite by 207.7% in the 4th quarter. Quinn Opportunity Partners LLC now owns 74,068 shares of the company’s stock valued at $118,000 after acquiring an additional 50,000 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Nouveau Monde Graphite by 46.2% during the 4th quarter. Bank of Montreal Can now owns 48,430 shares of the company’s stock valued at $76,000 after acquiring an additional 15,300 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Nouveau Monde Graphite during the 4th quarter worth $26,000. Finally, National Bank of Canada FI increased its position in shares of Nouveau Monde Graphite by 6.7% in the third quarter. National Bank of Canada FI now owns 124,610 shares of the company’s stock worth $196,000 after purchasing an additional 7,871 shares during the period. Institutional investors own 41.09% of the company’s stock.

Nouveau Monde Graphite Company Profile

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.