National Bank Financial Lowers Nouveau Monde Graphite (CVE:NOU) Price Target to C$4.50

Nouveau Monde Graphite (CVE:NOU) had its price objective dropped by equities researchers at National Bank Financial from C$4.75 to C$4.50 in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 38.89% from the stock’s current price.

Separately, Maxim Group raised shares of Nouveau Monde Graphite to a “strong-buy” rating in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$5.25.

Nouveau Monde Graphite Trading Up 5.5%

CVE:NOU opened at C$3.24 on Friday. The company has a debt-to-equity ratio of 105.58, a quick ratio of 1.29 and a current ratio of 3.58. The firm has a market cap of C$493.33 million, a price-to-earnings ratio of -5.40 and a beta of 1.82. Nouveau Monde Graphite has a 52 week low of C$1.70 and a 52 week high of C$4.14. The firm has a 50-day moving average price of C$3.24 and a two-hundred day moving average price of C$3.24.

Nouveau Monde Graphite Company Profile

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. It also involved in the real estate and trading activities. The company was formerly known as Nouveau Monde Mining Enterprises Inc and changed its name to Nouveau Monde Graphite Inc in February 2017.