BMO Capital Markets Reiterates “C$6.00” Price Target for Nouveau Monde Graphite (CVE:NOU)

BMO Capital Markets set a C$6.00 price objective on Nouveau Monde Graphite (CVE:NOU) in a report issued on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts also recently commented on the stock. National Bank Financial raised shares of Nouveau Monde Graphite to a “hold” rating in a research note on Thursday, September 11th. National Bankshares upgraded shares of Nouveau Monde Graphite from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$3.50 to C$5.00 in a report on Tuesday, November 4th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$5.50.

Nouveau Monde Graphite Stock Up 5.5%

CVE NOU opened at C$3.24 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.29 and a debt-to-equity ratio of 16.18. The company has a market cap of C$493.33 million, a price-to-earnings ratio of -5.40 and a beta of 1.82. The company has a 50 day moving average of C$3.24 and a 200-day moving average of C$3.24. Nouveau Monde Graphite has a 1-year low of C$1.70 and a 1-year high of C$4.14.

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.