National Bank of Canada FI Sells 10,343 Shares of Nouveau Monde Graphite Inc. (NYSE:NMG)

National Bank of Canada FI decreased its holdings in Nouveau Monde Graphite Inc. (NYSE:NMG) by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 114,267 shares of the company’s stock after selling 10,343 shares during the quarter. National Bank of Canada FI’s holdings in Nouveau Monde Graphite were worth $181,000 as of its most recent filing with the SEC.

Separately, SBI Securities Co. Ltd. bought a new stake in Nouveau Monde Graphite in the fourth quarter valued at about $26,000. 41.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on NMG. Roth Mkm cut their price target on shares of Nouveau Monde Graphite from $3.00 to $2.40 and set a “buy” rating for the company in a research note on Wednesday, March 26th. HC Wainwright cut their target price on Nouveau Monde Graphite from $3.00 to $2.75 and set a “buy” rating for the company in a research report on Tuesday, April 1st.

Nouveau Monde Graphite Stock Up 8.4 %

NMG opened at $1.55 on Friday. The firm has a market cap of $174.50 million, a price-to-earnings ratio of -2.42 and a beta of 0.76. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 1.74. The firm’s 50-day simple moving average is $1.65 and its 200-day simple moving average is $1.62. Nouveau Monde Graphite Inc. has a twelve month low of $1.22 and a twelve month high of $2.57.

Nouveau Monde Graphite (NYSE:NMG) last issued its quarterly earnings data on Monday, March 31st. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.08). Equities research analysts anticipate that Nouveau Monde Graphite Inc. will post -0.47 EPS for the current fiscal year.

Nouveau Monde Graphite 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.