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NYSE:NMG

Nouveau Monde Graphite (NMG) Stock Price, News & Analysis

$2.20
+0.03 (+1.38%)
(As of 09:07 AM ET)
Today's Range
$2.20
$2.20
50-Day Range
$1.90
$2.91
52-Week Range
$1.85
$5.40
Volume
1,476 shs
Average Volume
195,114 shs
Market Capitalization
$147.65 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$8.00

Nouveau Monde Graphite MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
273.0% Upside
$8.00 Price Target
Short Interest
Healthy
4.80% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.67) to ($0.31) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.84 out of 5 stars

Basic Materials Sector

81st out of 171 stocks

Miscellaneous Metal Ores Industry

1st out of 5 stocks

NMG stock logo

About Nouveau Monde Graphite Stock (NYSE:NMG)

Nouveau Monde Graphite Inc. engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It primarily explores for graphite. The company's holds interest in the Matawinie Mine Project and the Battery Material Plant project situated in the Montreal, Quebec. It also engages in the real estate and trading businesses. The company was formerly known as Nouveau Monde Mining Enterprises Inc. and changed its name to Nouveau Monde Graphite Inc. in February 2017. Nouveau Monde Graphite Inc. was founded in 2011 and is headquartered in Saint-Michel-des-Saints, Canada.

NMG Stock Price History

NMG Stock News Headlines

NMG Apr 2024 2.500 call
The AI Defense Stock Set to Soar
To protect our interests, The Pentagon has partnered with this small AI defense contractor - creating some of the most powerful AI defenses ever made.
Nouveau Monde Graphite Inc
the most reliable asset on earth is making a comeback
Global tensions have been pushing the price of gold to all time highs… Just recently, gold peaked at a record $2,000 (and is now closer to $2,200). And there’s something else critical at play right now in the world’s largest asset. Because of these critical factors, a lot of massive investment institutions are now pumping more money into gold. And as we speak, some are even calling for a massive rally in the precious metal.
See More Headlines
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Company Calendar

Last Earnings
11/08/2023
Today
3/28/2024
Next Earnings (Estimated)
3/28/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous metal ores
Sub-Industry
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$8.00
High Stock Price Target
$8.00
Low Stock Price Target
$8.00
Potential Upside/Downside
+273.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-36,700,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A
Book Value
$1.00 per share

Miscellaneous

Free Float
51,864,000
Market Cap
$143.95 million
Optionable
Not Optionable
Beta
0.82
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Key Executives

  • Mr. Eric Desaulniers M.Sc.
    MSc, P.Geo, Founder, President, CEO & Director
  • Mr. Charles-Olivier Tarte C.M.A.
    CPA, Chief Financial Officer
  • Mr. Bernard Perron
    Chief Operating Officer
  • Mr. Marc Jasmin CMA
    CPA, Director of Investor Relations
  • Ms. Josee Gagnon
    VP of Legal Affairs & Corporate Secretary
  • Ms. Julie Paquet
    Vice President of Communications & ESG Strategy
  • Mr. Patrice Boulanger
    Vice President of Sales, Marketing & Business Development
  • Mr. Philippe Legault
    Vice President of Human Resources
  • Mr. Antoine Cloutier
    Chief Geologist
  • Mathieu Bélanger
    Corporate Controller

NMG Stock Analysis - Frequently Asked Questions

Should I buy or sell Nouveau Monde Graphite stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nouveau Monde Graphite in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" NMG shares.
View NMG analyst ratings
or view top-rated stocks.

What is Nouveau Monde Graphite's stock price target for 2024?

1 brokerages have issued 1 year price targets for Nouveau Monde Graphite's shares. Their NMG share price targets range from $8.00 to $8.00. On average, they expect the company's share price to reach $8.00 in the next twelve months. This suggests a possible upside of 273.0% from the stock's current price.
View analysts price targets for NMG
or view top-rated stocks among Wall Street analysts.

How have NMG shares performed in 2024?

Nouveau Monde Graphite's stock was trading at $2.61 on January 1st, 2024. Since then, NMG shares have decreased by 17.8% and is now trading at $2.1450.
View the best growth stocks for 2024 here
.

Are investors shorting Nouveau Monde Graphite?

Nouveau Monde Graphite saw a increase in short interest during the month of February. As of February 29th, there was short interest totaling 882,300 shares, an increase of 67.7% from the February 14th total of 526,100 shares. Based on an average daily trading volume, of 196,700 shares, the days-to-cover ratio is currently 4.5 days. Currently, 5.2% of the company's stock are sold short.
View Nouveau Monde Graphite's Short Interest
.

When is Nouveau Monde Graphite's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 28th 2024.
View our NMG earnings forecast
.

How were Nouveau Monde Graphite's earnings last quarter?

Nouveau Monde Graphite Inc. (NYSE:NMG) posted its earnings results on Wednesday, November, 8th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.14) by $0.05.

Who are Nouveau Monde Graphite's major shareholders?

Nouveau Monde Graphite's stock is owned by many different institutional and retail investors. Top institutional investors include Richelieu Gestion SA (1.50%), Van ECK Associates Corp (0.66%), National Bank of Canada FI (0.20%), Kestra Advisory Services LLC (0.11%), Virtu Financial LLC (0.04%) and Wolverine Trading LLC (0.02%).

How do I buy shares of Nouveau Monde Graphite?

Shares of NMG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:NMG) was last updated on 3/28/2024 by MarketBeat.com Staff

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