Nouveau Monde Graphite Inc. (NYSE:NMG) Expected to Post Earnings of -$0.11 Per Share

Wall Street analysts expect that Nouveau Monde Graphite Inc. (NYSE:NMG) will report earnings per share (EPS) of ($0.11) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Nouveau Monde Graphite’s earnings, with the lowest EPS estimate coming in at ($0.15) and the highest estimate coming in at ($0.07). Nouveau Monde Graphite reported earnings per share of ($0.24) in the same quarter last year, which suggests a positive year-over-year growth rate of 54.2%. The company is scheduled to announce its next earnings results on Tuesday, April 5th.

According to Zacks, analysts expect that Nouveau Monde Graphite will report full year earnings of ($0.69) per share for the current financial year, with EPS estimates ranging from ($0.75) to ($0.62). For the next financial year, analysts expect that the business will report earnings of ($0.43) per share, with EPS estimates ranging from ($0.61) to ($0.25). Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Nouveau Monde Graphite.

Nouveau Monde Graphite (NYSE:NMG) last issued its earnings results on Wednesday, November 10th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02).

NMG has been the topic of several research analyst reports. B. Riley dropped their price objective on Nouveau Monde Graphite from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, November 22nd. BMO Capital Markets initiated coverage on shares of Nouveau Monde Graphite in a report on Tuesday, November 16th. They issued a “market perform” rating on the stock. Finally, Zacks Investment Research cut shares of Nouveau Monde Graphite from a “hold” rating to a “sell” rating in a report on Saturday, November 20th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Nouveau Monde Graphite presently has a consensus rating of “Hold” and an average price target of $13.00.

Shares of NMG stock traded up $0.20 during trading on Friday, hitting $8.28. The company’s stock had a trading volume of 81,176 shares, compared to its average volume of 97,108. The company has a market cap of $454.69 million and a PE ratio of -9.86. The company has a current ratio of 5.92, a quick ratio of 5.92 and a debt-to-equity ratio of 0.19. The business has a fifty day moving average of $7.55 and a 200-day moving average of $7.10. Nouveau Monde Graphite has a 52 week low of $5.07 and a 52 week high of $21.90.

Several institutional investors and hedge funds have recently made changes to their positions in NMG. Wedmont Private Capital bought a new stake in Nouveau Monde Graphite in the 4th quarter worth approximately $95,000. Jane Street Group LLC bought a new stake in shares of Nouveau Monde Graphite in the 3rd quarter worth about $164,000. Hudson Bay Capital Management LP bought a new stake in shares of Nouveau Monde Graphite in the 3rd quarter worth about $280,000. Finally, Millennium Management LLC bought a new stake in shares of Nouveau Monde Graphite in the 3rd quarter worth about $1,590,000. 5.68% of the stock is owned by institutional investors.

Nouveau Monde Graphite Company Profile

Nouveau Monde Graphite, Inc engages in the development of fully-integrated source of green battery anode material. It operates through the Acquisition, Exploration, and Evaluation of Mining Properties; and Transformation of Value-Added Graphite Products segments. The firm focuses on the operations of Matawine Graphite Mine and Advanced Materials Plant.

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