Nouveau Monde Graphite (CVE:NOU) Rating Increased to Outperform at National Bankshares

National Bankshares upgraded shares of Nouveau Monde Graphite (CVE:NOU) from a sector perform rating to an outperform rating in a report published on Tuesday morning,BayStreet.CA reports. The brokerage currently has C$5.00 price objective on the stock, up from their prior price objective of C$3.50.

Separately, National Bank Financial upgraded shares of Nouveau Monde Graphite to a “hold” rating in a research report on Thursday, September 11th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.00.

Nouveau Monde Graphite Stock Performance

CVE:NOU opened at C$3.24 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.74 and a debt-to-equity ratio of 16.18. Nouveau Monde Graphite has a fifty-two week low of C$1.70 and a fifty-two week high of C$4.14. The stock has a market cap of C$493.33 million, a PE ratio of -5.40 and a beta of 1.82. The firm’s fifty day simple moving average is C$3.24 and its 200-day simple moving average is 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.