HC Wainwright Has Pessimistic View of NMG FY2025 Earnings

Nouveau Monde Graphite Inc. (NYSE:NMG) – Analysts at HC Wainwright lowered their FY2025 EPS estimates for Nouveau Monde Graphite in a report released on Tuesday, April 1st. HC Wainwright analyst H. Ihle now expects that the company will post earnings of ($0.46) per share for the year, down from their previous estimate of ($0.33). 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 cut their price target on shares of Nouveau Monde Graphite from $3.00 to $2.40 and set a “buy” rating on the stock in a report on Wednesday, March 26th.

Nouveau Monde Graphite Price Performance

NYSE NMG opened at $1.35 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. Nouveau Monde Graphite has a 1 year low of $1.22 and a 1 year high of $2.57. The company has a market cap of $152.09 million, a PE ratio of -2.11 and a beta of 0.78. The stock’s 50-day moving average price is $1.73 and its two-hundred day moving average price is $1.62.

Nouveau Monde Graphite (NYSE:NMG) last announced its earnings results on Monday, March 31st. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.08).

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NMG. SBI Securities Co. Ltd. purchased a new stake in Nouveau Monde Graphite in the 4th quarter worth about $26,000. Millennium Management LLC increased its holdings in shares of Nouveau Monde Graphite by 51.9% in the 4th quarter. Millennium Management LLC now owns 47,755 shares of the company’s stock valued at $76,000 after purchasing an additional 16,312 shares during the period. Bank of Montreal Can increased its holdings in shares of Nouveau Monde Graphite by 46.2% in the 4th quarter. Bank of Montreal Can now owns 48,430 shares of the company’s stock valued at $76,000 after purchasing an additional 15,300 shares during the period. Quinn Opportunity Partners LLC lifted its position in shares of Nouveau Monde Graphite by 207.7% in the fourth quarter. Quinn Opportunity Partners LLC now owns 74,068 shares of the company’s stock worth $118,000 after purchasing an additional 50,000 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of Nouveau Monde Graphite by 6.7% during the third quarter. National Bank of Canada FI now owns 124,610 shares of the company’s stock worth $196,000 after purchasing an additional 7,871 shares during the period. Hedge funds and other institutional investors 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.