Roth Capital Issues Pessimistic Forecast for NMG Earnings

Nouveau Monde Graphite Inc. (NYSE:NMG) – Equities researchers at Roth Capital lowered their FY2025 EPS estimates for shares of Nouveau Monde Graphite in a report issued on Wednesday, November 5th. Roth Capital analyst J. Reagor now expects that the company will earn ($0.32) per share for the year, down from their prior estimate of ($0.31). Roth Capital has a “Buy” rating and a $4.70 price objective on the stock. The consensus estimate for Nouveau Monde Graphite’s current full-year earnings is ($0.47) per share. Roth Capital also issued estimates for Nouveau Monde Graphite’s FY2026 earnings at ($0.36) EPS.

Other equities research analysts have also recently issued reports about the stock. HC Wainwright upped their target price on shares of Nouveau Monde Graphite from $2.75 to $7.50 and gave the company a “buy” rating in a report on Wednesday, October 15th. Zacks Research downgraded Nouveau Monde Graphite from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. National Bank Financial raised Nouveau Monde Graphite to a “hold” rating in a research report on Thursday, September 11th. Wall Street Zen lowered shares of Nouveau Monde Graphite to a “strong sell” rating in a research report on Saturday, November 1st. Finally, National Bankshares raised Nouveau Monde Graphite to an “outperform” rating in a research report on Monday. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4.87.

Nouveau Monde Graphite Stock Performance

Nouveau Monde Graphite stock opened at $2.57 on Friday. The firm has a 50 day simple moving average of $2.69 and a 200-day simple moving average of $2.12. The stock has a market cap of $392.54 million, a price-to-earnings ratio of -7.34 and a beta of 0.86. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.70 and a quick ratio of 1.70. Nouveau Monde Graphite has a 1-year low of $1.22 and a 1-year high of $6.06.

Nouveau Monde Graphite (NYSE:NMG) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04).

Hedge Funds Weigh In On Nouveau Monde Graphite

Hedge funds and other institutional investors have recently made changes to their positions in the business. Brookwood Investment Group LLC purchased a new position in Nouveau Monde Graphite in the third quarter valued at about $152,000. Arkadios Wealth Advisors acquired a new stake in shares of Nouveau Monde Graphite in the first quarter valued at about $45,000. Finally, XTX Topco Ltd raised its holdings in shares of Nouveau Monde Graphite by 100.8% during the 2nd quarter. XTX Topco Ltd now owns 25,522 shares of the company’s stock valued at $42,000 after buying an additional 12,811 shares during the period. Institutional investors and hedge funds own 41.09% of the company’s stock.

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.