FY2025 Earnings Forecast for NMG Issued By HC Wainwright

Nouveau Monde Graphite Inc. (NYSE:NMG) – Analysts at HC Wainwright lifted their FY2025 earnings per share (EPS) estimates for Nouveau Monde Graphite in a research report issued on Tuesday, July 15th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings of ($0.44) per share for the year, up from their previous estimate of ($0.46). HC Wainwright currently has a “Buy” rating and a $2.75 target price on the stock. The consensus estimate for Nouveau Monde Graphite’s current full-year earnings is ($0.47) per share.

Separately, Roth Mkm dropped their price target on Nouveau Monde Graphite from $3.00 to $2.40 and set a “buy” rating on the stock in a research report on Wednesday, March 26th.

Nouveau Monde Graphite Stock Down 3.2%

Shares of NYSE NMG opened at $2.12 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a market cap of $238.67 million, a P/E ratio of -6.63 and a beta of 0.72. Nouveau Monde Graphite has a 1 year low of $1.22 and a 1 year high of $2.57. The firm’s 50 day moving average price is $1.77 and its 200 day moving average price is $1.78.

Nouveau Monde Graphite (NYSE:NMG) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02).

Hedge Funds Weigh In On Nouveau Monde Graphite

Several hedge funds have recently made changes to their positions in the stock. 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 worth $76,000 after purchasing an additional 15,300 shares in the last quarter. Quinn Opportunity Partners LLC lifted its holdings in Nouveau Monde Graphite by 207.7% during the fourth quarter. Quinn Opportunity Partners LLC now owns 74,068 shares of the company’s stock worth $118,000 after buying an additional 50,000 shares during the period. Millennium Management LLC grew its position in Nouveau Monde Graphite by 51.9% during the 4th quarter. Millennium Management LLC now owns 47,755 shares of the company’s stock worth $76,000 after purchasing an additional 16,312 shares during the period. Finally, Arkadios Wealth Advisors acquired a new stake in Nouveau Monde Graphite in the 1st quarter worth about $45,000. 41.09% of the stock is currently owned by hedge funds and other institutional investors.

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.