Maxim Group Upgrades Nouveau Monde Graphite (CVE:NOU) to Strong-Buy

Nouveau Monde Graphite (CVE:NOU) was upgraded by equities researchers at Maxim Group to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research firms have also commented on NOU. BMO Capital Markets set a C$6.00 price target on Nouveau Monde Graphite and gave the stock an “outperform” rating in a research report on Friday, December 12th. National Bankshares raised shares of Nouveau Monde Graphite from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$3.50 to C$5.00 in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Nouveau Monde Graphite presently has a consensus rating of “Buy” and a consensus price target of C$5.50.

Nouveau Monde Graphite Stock Performance

Shares of NOU stock opened at C$3.24 on Tuesday. The firm has a market cap of C$493.33 million, a price-to-earnings ratio of -5.40 and a beta of 1.82. Nouveau Monde Graphite has a 52-week low of C$1.70 and a 52-week high of C$4.14. The company has a quick ratio of 1.29, a current ratio of 1.74 and a debt-to-equity ratio of 16.18. The company’s 50 day moving average is C$3.24 and its 200 day moving average is C$3.24.

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. 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.