Equities Analysts Issue Forecasts for NMG FY2025 Earnings

Nouveau Monde Graphite Inc. (NYSE:NMG) – Research analysts at HC Wainwright decreased their FY2025 earnings per share (EPS) estimates for shares of Nouveau Monde Graphite in a report issued on Tuesday, April 1st. HC Wainwright analyst H. Ihle now expects that the company will post earnings of ($0.46) per share for the year, down from their previous estimate of ($0.33). HC Wainwright currently has a “Buy” rating and a $2.75 price target on the stock. The consensus estimate for Nouveau Monde Graphite’s current full-year earnings is ($0.47) per share.

Nouveau Monde Graphite (NYSE:NMG) last posted its earnings results on Monday, March 31st. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.08).

Separately, Roth Mkm lowered their price objective on Nouveau Monde Graphite from $3.00 to $2.40 and set a “buy” rating on the stock in a report on Wednesday, March 26th.

Nouveau Monde Graphite Price Performance

NYSE NMG opened at $1.35 on Thursday. Nouveau Monde Graphite has a fifty-two week low of $1.22 and a fifty-two week high of $2.57. The stock’s 50-day moving average is $1.73 and its two-hundred day moving average is $1.62. The firm has a market cap of $152.09 million, a P/E ratio of -2.11 and a beta of 0.78. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.74 and a quick ratio of 1.74.

Institutional Trading of Nouveau Monde Graphite

Several large investors have recently modified their holdings of the company. Quinn Opportunity Partners LLC grew 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 buying an additional 50,000 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Nouveau Monde Graphite in the fourth quarter valued at approximately $26,000. Millennium Management LLC grew its stake in shares of Nouveau Monde Graphite by 51.9% in the fourth quarter. Millennium Management LLC now owns 47,755 shares of the company’s stock worth $76,000 after acquiring an additional 16,312 shares during the last quarter. Bank of Montreal Can increased its position in Nouveau Monde Graphite by 46.2% during the fourth quarter. Bank of Montreal Can now owns 48,430 shares of the company’s stock worth $76,000 after acquiring an additional 15,300 shares during the period. Finally, National Bank of Canada FI raised its stake in Nouveau Monde Graphite by 6.7% during the 3rd quarter. National Bank of Canada FI now owns 124,610 shares of the company’s stock valued at $196,000 after purchasing an additional 7,871 shares during the last quarter. 41.09% of the stock is owned by institutional investors.

About Nouveau Monde Graphite

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.