HC Wainwright Has Positive Outlook for NMG FY2025 Earnings

Nouveau Monde Graphite Inc. (NYSE:NMG) – Equities research analysts at HC Wainwright upped their FY2025 earnings per share (EPS) estimates for Nouveau Monde Graphite in a research report issued to clients and investors on Tuesday, July 15th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings per share of ($0.44) for the year, up from their previous estimate of ($0.46). HC Wainwright has a “Buy” rating and a $2.75 price objective on the stock. The consensus estimate for Nouveau Monde Graphite’s current full-year earnings is ($0.47) per share.

Separately, Roth Mkm decreased their target price on Nouveau Monde Graphite from $3.00 to $2.40 and set a “buy” rating for the company in a report on Wednesday, March 26th.

Nouveau Monde Graphite Trading Up 25.3%

Nouveau Monde Graphite stock opened at $2.18 on Thursday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.01. Nouveau Monde Graphite has a 52 week low of $1.22 and a 52 week high of $2.57. The company has a market capitalization of $245.42 million, a price-to-earnings ratio of -6.81 and a beta of 0.72. The stock has a 50-day moving average price of $1.76 and a 200 day moving average price of $1.77.

Nouveau Monde Graphite (NYSE:NMG) last released its earnings results on Wednesday, May 14th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02).

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Arkadios Wealth Advisors acquired a new position in Nouveau Monde Graphite in the first quarter valued at approximately $45,000. Millennium Management LLC lifted its holdings in Nouveau Monde Graphite by 51.9% in the fourth quarter. Millennium Management LLC now owns 47,755 shares of the company’s stock valued at $76,000 after acquiring an additional 16,312 shares during the period. Bank of Montreal Can lifted its holdings in Nouveau Monde Graphite by 46.2% in the fourth quarter. Bank of Montreal Can now owns 48,430 shares of the company’s stock valued at $76,000 after acquiring an additional 15,300 shares during the period. Finally, Quinn Opportunity Partners LLC lifted its holdings in Nouveau Monde Graphite by 207.7% in the fourth quarter. Quinn Opportunity Partners LLC now owns 74,068 shares of the company’s stock valued at $118,000 after acquiring an additional 50,000 shares during the period. 41.09% of the stock is owned by institutional investors and hedge funds.

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.