Roth Capital Equities Analysts Boost Earnings Estimates for Nouveau Monde Graphite Inc. (NYSE:NMG)

Nouveau Monde Graphite Inc. (NYSE:NMG) – Stock analysts at Roth Capital increased their Q3 2024 earnings per share estimates for Nouveau Monde Graphite in a research report issued to clients and investors on Tuesday, October 1st. Roth Capital analyst J. Reagor now expects that the company will post earnings per share of ($0.09) for the quarter, up from their prior forecast of ($0.10). The consensus estimate for Nouveau Monde Graphite’s current full-year earnings is ($0.56) per share. Roth Capital also issued estimates for Nouveau Monde Graphite’s Q4 2024 earnings at ($0.08) EPS, FY2024 earnings at ($0.50) EPS, Q1 2025 earnings at ($0.04) EPS, Q2 2025 earnings at ($0.06) EPS, Q3 2025 earnings at ($0.06) EPS, Q4 2025 earnings at ($0.06) EPS and FY2025 earnings at ($0.24) EPS.

Nouveau Monde Graphite (NYSE:NMG) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.03.

Separately, HC Wainwright lowered their price objective on Nouveau Monde Graphite from $3.25 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th.

Nouveau Monde Graphite Price Performance

Shares of NMG stock opened at $1.48 on Thursday. The stock has a 50-day moving average price of $1.51 and a 200 day moving average price of $1.85. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.02. The firm has a market cap of $166.47 million, a price-to-earnings ratio of -2.06 and a beta of 0.84. Nouveau Monde Graphite has a 12 month low of $1.24 and a 12 month high of $3.21.

Hedge Funds Weigh In On Nouveau Monde Graphite

An institutional investor recently bought a new position in Nouveau Monde Graphite stock. General Motors Holdings LLC bought a new position in shares of Nouveau Monde Graphite Inc. (NYSE:NMG) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 12,500,000 shares of the company’s stock, valued at approximately $28,625,000. Nouveau Monde Graphite accounts for approximately 10.7% of General Motors Holdings LLC’s holdings, making the stock its 4th biggest holding. General Motors Holdings LLC owned about 18.63% of Nouveau Monde Graphite at the end of the most recent reporting period. Hedge funds and other institutional investors own 41.09% of the company’s stock.

Nouveau Monde Graphite Company Profile

Nouveau Monde Graphite Inc engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It primarily explores for graphite. The company's holds interest in the Matawinie Mine Project and the Battery Material Plant project situated in the Montreal, Quebec.