Roth Capital Has Strong Estimate for NMG FY2024 Earnings

Nouveau Monde Graphite Inc. (NYSE:NMG) – Analysts at Roth Capital raised their FY2024 earnings estimates for Nouveau Monde Graphite in a note issued to investors on Wednesday, November 20th. Roth Capital analyst J. Reagor now expects that the company will post earnings of ($0.46) per share for the year, up from their previous forecast of ($0.50). The consensus estimate for Nouveau Monde Graphite’s current full-year earnings is ($0.52) 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 decreased their price objective on shares of Nouveau Monde Graphite from $3.25 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th.

Nouveau Monde Graphite Stock Performance

NYSE:NMG opened at $1.24 on Friday. The company has a market cap of $139.04 million, a price-to-earnings ratio of -1.93 and a beta of 0.84. The company has a fifty day simple moving average of $1.45 and a two-hundred day simple moving average of $1.67. Nouveau Monde Graphite has a 52 week low of $1.22 and a 52 week high of $3.13. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.02.

Institutional Investors Weigh In On Nouveau Monde Graphite

A hedge fund recently raised its stake in Nouveau Monde Graphite stock. National Bank of Canada FI lifted its position in shares of Nouveau Monde Graphite Inc. (NYSE:NMG) by 6.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,610 shares of the company’s stock after acquiring an additional 7,871 shares during the quarter. National Bank of Canada FI owned 0.11% of Nouveau Monde Graphite worth $196,000 at the end of the most recent quarter. 41.09% of the stock is owned by hedge funds and other institutional investors.

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.