What is Roth Capital’s Estimate for NMG FY2024 Earnings?

Nouveau Monde Graphite Inc. (NYSE:NMG) – Roth Capital raised their FY2024 earnings per share (EPS) estimates for Nouveau Monde Graphite in a research note issued 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 estimate 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.

Several other equities analysts have also recently commented on the stock. Roth Mkm lowered 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. HC Wainwright reiterated a “buy” rating and set a $3.00 price objective on shares of Nouveau Monde Graphite in a research note on Tuesday, December 17th.

Nouveau Monde Graphite Price Performance

Shares of NYSE NMG opened at $1.51 on Friday. The stock has a market cap of $169.99 million, a P/E ratio of -2.36 and a beta of 0.78. The firm’s 50-day simple moving average is $1.80 and its 200 day simple moving average is $1.62. Nouveau Monde Graphite has a fifty-two week low of $1.22 and a fifty-two week high of $2.57. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.02.

Hedge Funds Weigh In On Nouveau Monde Graphite

Several hedge funds have recently made changes to their positions in the business. National Bank of Canada FI boosted its holdings in Nouveau Monde Graphite by 6.7% during the third quarter. National Bank of Canada FI now owns 124,610 shares of the company’s stock worth $196,000 after buying an additional 7,871 shares in the last quarter. Quinn Opportunity Partners LLC increased its holdings 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 buying 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 last quarter. Millennium Management LLC boosted its stake in shares of Nouveau Monde Graphite by 51.9% during the 4th quarter. Millennium Management LLC now owns 47,755 shares of the company’s stock worth $76,000 after acquiring an additional 16,312 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Nouveau Monde Graphite in the 4th quarter worth $26,000. Institutional investors and hedge funds 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.