Nouveau Monde Graphite (CVE:NOU) Stock Gets Price Target Trim from National Bank Financial

Nouveau Monde Graphite (CVE:NOU) had its target price reduced by National Bank Financial from C$4.00 to C$3.50 in a research report sent to investors on Monday morning,BayStreet reports. National Bank Financial currently has an outperform rating on the stock.

Separately, Jefferies Financial Group raised Nouveau Monde Graphite to a “strong-buy” rating in a research report on Wednesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus price target of C$4.75.

Nouveau Monde Graphite Stock Up 5.5%

NOU stock opened at C$3.24 on Monday. The company has a debt-to-equity ratio of 105.58, a current ratio of 3.58 and a quick ratio of 1.29. 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 50-day moving average of C$3.24 and a two-hundred day moving average of C$3.24. The stock 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 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.