Nemaska Lithium (NMX) Receives “Buy” Rating from Beacon Securities
Nemaska Lithium (TSE:NMX)‘s stock had its “buy” rating reiterated by stock analysts at Beacon Securities in a report issued on Thursday.
A number of other research analysts also recently weighed in on the company. National Bank Financial downgraded Nemaska Lithium from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from C$2.30 to C$2.40 in a research note on Wednesday, January 10th. Eight Capital upped their price target on Nemaska Lithium from C$2.80 to C$3.00 in a research note on Wednesday, January 10th. Canaccord Genuity upped their price target on Nemaska Lithium from C$2.25 to C$2.50 in a research note on Monday, January 15th. Finally, Roth Capital downgraded Nemaska Lithium from a “buy” rating to a “neutral” rating in a research note on Sunday, February 25th.
Nemaska Lithium (NMX) traded down C$0.05 during mid-day trading on Thursday, reaching C$1.32. The company had a trading volume of 4,150,000 shares, compared to its average volume of 2,040,000. Nemaska Lithium has a fifty-two week low of C$0.95 and a fifty-two week high of C$2.44. The firm has a market cap of $528.47, a P/E ratio of -44.00 and a beta of 0.33.
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Nemaska Lithium Inc engages in the exploration and evaluation of lithium hard rock mining properties in Canada. It owns 100% interests in the Whabouchi property that consists of 33 claims covering an area of 1,716 hectares located in the Eeyou Istchee/James Bay area of Quebec province; and the Sirmac property, which comprises 24 mining claims covering an area of 1,101 hectares located to the north-west of Chibougamau.
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