Nouveau Monde Graphite Inc. (NYSE:NMG) Receives Consensus Recommendation of “Buy” from Brokerages

Posted by Brian Himes on Oct 8th, 2026

Nouveau Monde Graphite Inc. (NYSE:NMG – Get Free Report) has received a consensus rating of “Buy” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and three have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $3.87.

Several research analysts have recently issued reports on the stock. HC Wainwright reiterated a “buy” rating and set a $4.50 price target on shares of Nouveau Monde Graphite in a report on Monday, August 24th. Freedom Broker assumed coverage on Nouveau Monde Graphite in a research report on Thursday, October 1st. They set a “hold” rating and a $1.48 price objective on the stock. Zacks Research upgraded Nouveau Monde Graphite from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th. Jefferies Financial Group assumed coverage on Nouveau Monde Graphite in a research note on Wednesday, September 2nd. They set a “buy” rating and a C$2.45 price target on the stock. Finally, Wall Street Zen cut Nouveau Monde Graphite from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd.

Get Our Latest Analysis on Nouveau Monde Graphite

Nouveau Monde Graphite Stock Down 6.5%

Shares of NMG stock opened at $1.07 on Thursday. The business has a fifty day simple moving average of $1.36 and a 200 day simple moving average of $1.65. The company has a market cap of $353.85 million, a P/E ratio of -3.36 and a beta of 0.84. Nouveau Monde Graphite has a twelve month low of $1.06 and a twelve month high of $6.06.

Nouveau Monde Graphite (NYSE:NMG – Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.06. As a group, equities research analysts anticipate that Nouveau Monde Graphite will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nouveau Monde Graphite

Several large investors have recently modified their holdings of NMG. Renaissance Technologies LLC increased its position in Nouveau Monde Graphite by 1,185.2% during the 1st quarter. Renaissance Technologies LLC now owns 1,433,023 shares of the company’s stock valued at $3,210,000 after purchasing an additional 1,321,523 shares during the period. Bank of America Corp DE boosted its position in Nouveau Monde Graphite by 5,215.1% during the first quarter. Bank of America Corp DE now owns 89,826 shares of the company’s stock valued at $201,000 after acquiring an additional 88,136 shares during the last quarter. Brooklands Fund Management Ltd bought a new stake in Nouveau Monde Graphite during the fourth quarter valued at $149,000. Banque Cantonale Vaudoise grew its holdings in Nouveau Monde Graphite by 119.7% during the 1st quarter. Banque Cantonale Vaudoise now owns 116,000 shares of the company’s stock worth $260,000 after acquiring an additional 63,200 shares during the period. Finally, Pacifica Partners Inc. acquired a new stake in Nouveau Monde Graphite during the 2nd quarter worth about $47,000. Institutional investors own 41.09% of the company’s stock.

About Nouveau Monde Graphite

(Get Free Report)

Nouveau Monde Graphite Inc is a Canadian mining and advanced materials company developing an integrated source of graphite for the lithium-ion battery industry. The company is focused on producing graphite concentrate and value-added anode material for use in electric vehicles, energy-storage systems and other clean-technology applications.

Nouveau Monde’s principal asset is the Matawinie graphite project near Saint-Michel-des-Saints, Quebec. The company is also developing a battery materials plant in Bécancour, Quebec, designed to process graphite concentrate into anode material, including purified, coated spherical graphite.