Zacks: Analysts Anticipate Nouveau Monde Graphite Inc. (NYSE:NMG) to Announce -$0.09 Earnings Per Share

Equities analysts expect that Nouveau Monde Graphite Inc. (NYSE:NMG – Get Rating) will announce earnings of ($0.09) per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Nouveau Monde Graphite’s earnings. Nouveau Monde Graphite reported earnings per share of ($0.17) in the same quarter last year, which indicates a positive year-over-year growth rate of 47.1%. The business is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Nouveau Monde Graphite will report full year earnings of ($0.43) per share for the current year, with EPS estimates ranging from ($0.61) to ($0.25). For the next fiscal year, analysts anticipate that the business will post earnings of $0.66 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Nouveau Monde Graphite.

Nouveau Monde Graphite (NYSE:NMG – Get Rating) last posted its quarterly earnings data on Thursday, March 24th. The company reported ($0.20) EPS for the quarter.

Shares of Nouveau Monde Graphite stock traded down $0.05 on Tuesday, reaching $6.30. The company’s stock had a trading volume of 545 shares, compared to its average volume of 74,118. The company has a quick ratio of 4.72, a current ratio of 4.72 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $6.80 and a 200-day moving average price of $7.26. The company has a market capitalization of $347.89 million and a P/E ratio of -7.87. Nouveau Monde Graphite has a 52-week low of $5.07 and a 52-week high of $16.29.

Several large investors have recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec acquired a new position in Nouveau Monde Graphite during the fourth quarter worth $5,177,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Nouveau Monde Graphite during the fourth quarter worth $3,990,000. Van ECK Associates Corp acquired a new position in Nouveau Monde Graphite during the fourth quarter worth $3,585,000. Millennium Management LLC acquired a new position in Nouveau Monde Graphite during the third quarter worth $1,590,000. Finally, Williams Jones Wealth Management LLC. boosted its stake in Nouveau Monde Graphite by 74.8% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 200,590 shares of the company’s stock worth $1,402,000 after buying an additional 85,820 shares during the last quarter. 5.79% of the stock is currently owned by hedge funds and other institutional investors.

Nouveau Monde Graphite Company Profile (Get Rating)

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 owns a 100% interest in the Matawinie property that includes 319 mining claims covering 17,585 hectares situated to the north of Montreal, Quebec.

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