Roth Capital Has Positive Outlook of NMG FY2024 Earnings

Nouveau Monde Graphite Inc. (NYSE:NMG) – Stock analysts at Roth Capital lifted their FY2024 earnings per share (EPS) estimates for shares of Nouveau Monde Graphite in a report issued on Wednesday, November 20th. Roth Capital analyst J. Reagor now forecasts that the company will earn ($0.46) per share for the year, up from their prior forecast of ($0.50). The consensus estimate for Nouveau Monde Graphite’s current full-year earnings is ($0.50) per share. Roth Capital also issued estimates for Nouveau Monde Graphite’s Q4 2024 earnings at ($0.09) EPS, Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.05) EPS, Q4 2025 earnings at ($0.05) EPS and FY2025 earnings at ($0.20) EPS.

Separately, HC Wainwright reduced their target price on shares of Nouveau Monde Graphite from $3.25 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th.

Nouveau Monde Graphite Stock Performance

Nouveau Monde Graphite stock opened at $1.26 on Friday. The business has a 50 day moving average of $1.45 and a 200-day moving average of $1.67. The company has a market capitalization of $141.85 million, a P/E ratio of -1.97 and a beta of 0.84. Nouveau Monde Graphite has a 1 year low of $1.22 and a 1 year high of $3.13. 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 Inflows and Outflows

An institutional investor recently raised its position in Nouveau Monde Graphite stock. National Bank of Canada FI raised its stake in Nouveau Monde Graphite Inc. (NYSE:NMG) by 6.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 124,610 shares of the company’s stock after buying an additional 7,871 shares during the period. National Bank of Canada FI owned about 0.11% of Nouveau Monde Graphite worth $196,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 41.09% of the company’s stock.

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.