National Bank Financial Lowers Nouveau Monde Graphite (CVE:NOU) Price Target to C$4.75

Nouveau Monde Graphite (CVE:NOU) had its price target decreased by equities researchers at National Bank Financial from C$5.25 to C$4.75 in a report released on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 46.60% from the stock’s previous close.

A number of other analysts have also issued reports on NOU. Maxim Group raised shares of Nouveau Monde Graphite to a “strong-buy” rating in a research report on Tuesday, January 20th. BMO Capital Markets set a C$6.00 price target on Nouveau Monde Graphite and gave the stock an “outperform” rating in a report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$5.38.

Nouveau Monde Graphite Price Performance

Nouveau Monde Graphite stock opened at C$3.24 on Tuesday. The company’s 50 day simple moving average is C$3.24 and its 200-day simple moving average is C$3.24. The company has a market capitalization of C$493.33 million, a price-to-earnings ratio of -5.40 and a beta of 1.82. Nouveau Monde Graphite has a 1 year low of C$1.70 and a 1 year high of C$4.14. The company has a debt-to-equity ratio of 105.58, a quick ratio of 1.29 and a current ratio of 3.58.

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. It also involved in the real estate and trading activities. The company was formerly known as Nouveau Monde Mining Enterprises Inc and changed its name to Nouveau Monde Graphite Inc in February 2017.