Nouveau Monde Graphite’s (NMG) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Nouveau Monde Graphite (NYSE:NMG) in a report released on Monday, MarketBeat Ratings reports. They currently have a $4.50 price objective on the stock. HC Wainwright also issued estimates for Nouveau Monde Graphite’s FY2026 earnings at ($0.07) EPS.

A number of other equities analysts have also recently issued reports on the stock. Roth Capital set a $3.50 price target on shares of Nouveau Monde Graphite in a research note on Monday, May 18th. Zacks Research lowered shares of Nouveau Monde Graphite from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Wall Street Zen raised shares of Nouveau Monde Graphite from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Weiss Ratings upgraded shares of Nouveau Monde Graphite from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $4.67.

Nouveau Monde Graphite Trading Down 0.3%

Nouveau Monde Graphite stock opened at $1.48 on Monday. Nouveau Monde Graphite has a 12 month low of $1.26 and a 12 month high of $6.06. The company has a market capitalization of $237.22 million, a price-to-earnings ratio of -4.61 and a beta of 0.83. The business’s fifty day simple moving average is $1.44 and its two-hundred day simple moving average is $1.84.

Nouveau Monde Graphite (NYSE:NMG) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.06. On average, equities research analysts predict that Nouveau Monde Graphite will post -0.11 EPS for the current year.

Institutional Trading of Nouveau Monde Graphite

A number of hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its holdings in Nouveau Monde Graphite by 1,185.2% in the first quarter. Renaissance Technologies LLC now owns 1,433,023 shares of the company’s stock valued at $3,210,000 after acquiring an additional 1,321,523 shares during the period. Millennium Management LLC grew its stake in shares of Nouveau Monde Graphite by 405.9% during the 4th quarter. Millennium Management LLC now owns 349,950 shares of the company’s stock valued at $868,000 after purchasing an additional 280,771 shares during the period. Bank of Montreal Can increased its position in shares of Nouveau Monde Graphite by 236.1% during the 4th quarter. Bank of Montreal Can now owns 164,312 shares of the company’s stock valued at $401,000 after purchasing an additional 115,424 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Nouveau Monde Graphite during the 4th quarter valued at about $380,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Nouveau Monde Graphite by 217.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 128,462 shares of the company’s stock worth $319,000 after purchasing an additional 87,971 shares during the period. Hedge funds and other institutional investors own 41.09% of the company’s stock.

Nouveau Monde Graphite Company Profile

Nouveau Monde Graphite is a Canadian mineral development company focused on the exploration, development and production of high-purity natural graphite for the electric vehicle and energy storage markets. The company’s flagship Matawinie graphite project, located north of Montreal in the province of Québec, represents one of the largest known high-grade natural graphite deposits globally. Nouveau Monde Graphite aims to advance the project toward commercial production by leveraging Québec’s abundant renewable hydroelectric power and strong mining expertise.

In addition to its core mining operations, the company operates a demonstration plant in Bécancour, Québec, where it produces coated spherical purified graphite (CSPG) anode material.