Nouveau Monde Graphite Inc. (NYSE:NMG – Free Report) – Research analysts at HC Wainwright raised their FY2026 earnings per share (EPS) estimates for shares of Nouveau Monde Graphite in a research report issued on Monday, August 24th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings of ($0.07) per share for the year, up from their previous forecast of ($0.25). HC Wainwright currently has a “Buy” rating and a $4.50 target price on the stock. The consensus estimate for Nouveau Monde Graphite’s current full-year earnings is ($0.20) per share.
Several other research analysts have also recently weighed in on the stock. Zacks Research cut shares of Nouveau Monde Graphite from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Wall Street Zen raised shares of Nouveau Monde Graphite from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Roth Capital set a $3.50 target price on shares of Nouveau Monde Graphite in a research note on Monday, May 18th. Finally, Weiss Ratings raised Nouveau Monde Graphite from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4.67.
Nouveau Monde Graphite Stock Performance
Shares of NMG stock opened at $1.47 on Wednesday. Nouveau Monde Graphite has a 52 week low of $1.26 and a 52 week high of $6.06. The company’s 50 day moving average price is $1.44 and its two-hundred day moving average price is $1.85. The company has a market capitalization of $235.62 million, a P/E ratio of -4.58 and a beta of 0.83.
Nouveau Monde Graphite (NYSE:NMG – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.06.
Institutional Investors Weigh In On Nouveau Monde Graphite
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its stake in shares of 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 worth $3,210,000 after buying an additional 1,321,523 shares during the last quarter. Pacifica Partners Inc. acquired a new stake in shares of Nouveau Monde Graphite in the second quarter valued at about $47,000. Bank of America Corp DE increased its position in shares of Nouveau Monde Graphite by 5,215.1% in 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. Royal Bank of Canada raised its holdings in Nouveau Monde Graphite by 36.7% during the fourth quarter. Royal Bank of Canada now owns 68,298 shares of the company’s stock worth $170,000 after acquiring an additional 18,329 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Nouveau Monde Graphite during the third quarter valued at approximately $96,000. 41.09% of the stock is currently owned by institutional investors and hedge funds.
About Nouveau Monde Graphite
Nouveau Monde Graphite is a Canadian mineral development company focused on the exploration, development and production of high-purity natural graphite for the electric vehicle and energy storage markets. The company’s flagship Matawinie graphite project, located north of Montreal in the province of Québec, represents one of the largest known high-grade natural graphite deposits globally. Nouveau Monde Graphite aims to advance the project toward commercial production by leveraging Québec’s abundant renewable hydroelectric power and strong mining expertise.
In addition to its core mining operations, the company operates a demonstration plant in Bécancour, Québec, where it produces coated spherical purified graphite (CSPG) anode material.
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