Nouveau Monde Graphite (CVE:NOU) Raised to “Strong-Buy” at Maxim Group

Nouveau Monde Graphite (CVE:NOU) was upgraded by investment analysts at Maxim Group to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research firms also recently commented on NOU. BMO Capital Markets set a C$6.00 price target on Nouveau Monde Graphite and gave the stock an “outperform” rating in a research note on Friday, December 12th. National Bankshares raised shares of Nouveau Monde Graphite from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$3.50 to C$5.00 in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$5.50.

Nouveau Monde Graphite Stock Up 5.5%

NOU stock opened at C$3.24 on Tuesday. Nouveau Monde Graphite has a twelve month low of C$1.70 and a twelve month high of C$4.14. The company has a current ratio of 1.74, a quick ratio of 1.29 and a debt-to-equity ratio of 16.18. The company has a market capitalization of C$493.33 million, a P/E ratio of -5.40 and a beta of 1.82. The firm has a 50 day simple moving average of C$3.24 and a 200-day simple moving average of C$3.24.

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. It also involved in the real estate and trading activities. The company was formerly known as Nouveau Monde Mining Enterprises Inc and changed its name to Nouveau Monde Graphite Inc in February 2017.