Nouveau Monde Graphite (NYSE:NMG) Announces Earnings Results

Nouveau Monde Graphite (NYSE:NMG) issued its quarterly earnings data on Monday. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.07), Zacks reports.

Nouveau Monde Graphite Trading Down 3.6 %

NYSE:NMG opened at $1.46 on Monday. Nouveau Monde Graphite has a 1 year low of $1.22 and a 1 year high of $2.57. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a fifty day moving average price of $1.80 and a two-hundred day moving average price of $1.62. The stock has a market capitalization of $163.92 million, a price-to-earnings ratio of -2.29 and a beta of 0.78.

Wall Street Analysts Forecast Growth

NMG has been the subject of a number of recent research reports. HC Wainwright reiterated a “buy” rating and set a $3.00 price target on shares of Nouveau Monde Graphite in a research note on Tuesday, December 17th. Roth Mkm lowered their price objective on shares of 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 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.