1 week Ago By Defense World Staff
Bank of Montreal Can increased its stake in shares of Nouveau Monde Graphite Inc. (NYSE:NMG – Free Report) by 46.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 48,430 shares of the company’s stock after buying an additional 15,300 shares during the quarter. Bank of Montreal Can’s holdings in Nouveau Monde Graphite were worth $76,000 as of its most recent SEC filing. Separately, SBI Securities Co.
Ltd. purchased a new stake in shares of Nouveau Monde Graphite during the 4th quarter worth about $26,000. Hedge funds and other institutional investors own 41.
09% of the company’s stock. Nouveau Monde Graphite Stock PerformanceNYSE NMG opened at $1.76 on Friday.
The stock has a market cap of $197.58 million, a PE ratio of -2.74 and a beta of 0.
76. Nouveau Monde Graphite Inc. has a twelve month low of $1.
22 and a twelve month high of $2.57. The stock has a fifty day simple moving average of $1.
61 and a 200-day simple moving average of $1.64. The company has a current ratio of 1.
74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02.
Nouveau Monde Graphite (NYSE:NMG – Get Free Report) last issued its quarterly earnings data on Monday, March 31st. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.
06) by ($0.08). Equities analysts anticipate that Nouveau Monde Graphite Inc.
will post -0.47 earnings per share for the current year. Wall Street Analysts Forecast GrowthA number of equities analysts have issued reports on the company.
HC Wainwright lowered their price target on Nouveau Monde Graphite from $3.00 to $2.75 and set a “buy” rating on the stock in a research report on Tuesday, April 1st.
Roth Mkm decreased their target price on Nouveau Monde Graphite from $3.00 to $2.40 and set a “buy” rating on the stock in a research report on Wednesday, March 26th.
Check Out Our Latest Stock Analysis on NMGAbout Nouveau Monde Graphite (Free Report)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.
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