Equities Analysts Set Expectations for NMG FY2025 Earnings

Nouveau Monde Graphite Inc. (NYSE:NMG) – Research analysts at HC Wainwright dropped their FY2025 earnings estimates for shares of Nouveau Monde Graphite in a research report issued on Tuesday, April 1st. HC Wainwright analyst H. Ihle now anticipates that the company will earn ($0.46) per share for the year, down from their previous estimate of ($0.33). HC Wainwright has a “Buy” rating and a $2.75 price objective 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 released its quarterly earnings results 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).

Separately, Roth Mkm reduced their target price on shares of Nouveau Monde Graphite from $3.00 to $2.40 and set a “buy” rating for the company in a report on Wednesday, March 26th.

Nouveau Monde Graphite Trading Up 0.7 %

Nouveau Monde Graphite stock opened at $1.53 on Thursday. Nouveau Monde Graphite has a 52-week low of $1.22 and a 52-week high of $2.57. The company has a market cap of $172.25 million, a P/E ratio of -2.39 and a beta of 0.78. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.02. The business has a 50-day simple moving average of $1.76 and a two-hundred day simple moving average of $1.62.

Institutional Trading of Nouveau Monde Graphite

A number of hedge funds and other institutional investors have recently bought and sold shares of NMG. SBI Securities Co. Ltd. bought a new position in shares of Nouveau Monde Graphite during the 4th quarter valued at approximately $26,000. Millennium Management LLC increased 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 purchasing an additional 16,312 shares in the last quarter. Bank of Montreal Can raised 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 purchasing an additional 15,300 shares during the period. Quinn Opportunity Partners LLC lifted its stake in shares of Nouveau Monde Graphite by 207.7% during 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 in the last quarter. Finally, National Bank of Canada FI boosted its holdings in Nouveau Monde Graphite by 6.7% in the 3rd 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 during the period. Hedge funds and other institutional investors 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.