Nouveau Monde Graphite (CVE:NOU) Price Target Cut to C$4.75 by Analysts at National Bank Financial

Nouveau Monde Graphite (CVE:NOU) had its price target lowered by National Bank Financial from C$5.25 to C$4.75 in a report released on Tuesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts have also issued reports about the stock. BMO Capital Markets set a C$6.00 target price on Nouveau Monde Graphite and gave the company an “outperform” rating in a research note on Friday, December 12th. Maxim Group upgraded Nouveau Monde Graphite to a “strong-buy” rating in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of C$5.38.

Nouveau Monde Graphite Stock Performance

CVE:NOU opened at C$3.24 on Tuesday. The company’s 50-day moving average is C$3.24 and its two-hundred day moving average is C$3.24. The firm has a market capitalization of C$493.33 million, a price-to-earnings ratio of -5.40 and a beta of 1.82. The company has a debt-to-equity ratio of 105.58, a current ratio of 3.58 and a quick ratio of 1.29. Nouveau Monde Graphite has a 1-year low of C$1.70 and a 1-year high of C$4.14.

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.