What is HC Wainwright’s Estimate for NMG FY2025 Earnings?

Nouveau Monde Graphite Inc. (NYSE:NMG) – HC Wainwright dropped their FY2025 EPS estimates for shares of Nouveau Monde Graphite in a report released on Tuesday, April 1st. HC Wainwright analyst H. Ihle now forecasts that the company will earn ($0.46) per share for the year, down from their previous forecast of ($0.33). HC Wainwright currently has a “Buy” rating and a $2.75 price objective on the stock. The consensus estimate for Nouveau Monde Graphite’s current full-year earnings is ($0.47) per share.

Separately, Roth Mkm cut their target price on shares of Nouveau Monde Graphite from $3.00 to $2.40 and set a “buy” rating for the company in a report on Wednesday, March 26th.

Nouveau Monde Graphite Stock Up 0.7 %

Shares of NMG opened at $1.53 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a market capitalization of $172.25 million, a price-to-earnings ratio of -2.39 and a beta of 0.78. Nouveau Monde Graphite has a 1 year low of $1.22 and a 1 year high of $2.57. The business’s 50 day simple moving average is $1.76 and its 200-day simple moving average is $1.62.

Nouveau Monde Graphite (NYSE:NMG) last posted its earnings results on Monday, March 31st. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.08).

Institutional Trading of Nouveau Monde Graphite

Several hedge funds have recently made changes to their positions in NMG. National Bank of Canada FI grew its position in Nouveau Monde Graphite by 6.7% in the third quarter. National Bank of Canada FI now owns 124,610 shares of the company’s stock worth $196,000 after acquiring an additional 7,871 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Nouveau Monde Graphite by 46.2% in the 4th quarter. Bank of Montreal Can now owns 48,430 shares of the company’s stock valued at $76,000 after purchasing an additional 15,300 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Nouveau Monde Graphite by 51.9% in the 4th quarter. Millennium Management LLC now owns 47,755 shares of the company’s stock worth $76,000 after purchasing an additional 16,312 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Nouveau Monde Graphite in the 4th quarter worth approximately $26,000. Finally, Quinn Opportunity Partners LLC increased its position in shares of Nouveau Monde Graphite by 207.7% during the 4th quarter. Quinn Opportunity Partners LLC now owns 74,068 shares of the company’s stock valued at $118,000 after purchasing an additional 50,000 shares during the last quarter. 41.09% of the stock is currently owned by hedge funds and other institutional investors.

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.