National Bank Financial Lowers Nouveau Monde Graphite (CVE:NOU) Price Target to C$4.75

Nouveau Monde Graphite (CVE:NOU) had its price objective decreased by analysts at National Bank Financial from C$5.25 to C$4.75 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 46.60% from the company’s current price.

Several other equities research analysts have also recently commented on NOU. BMO Capital Markets set a C$6.00 price target on shares of Nouveau Monde Graphite and gave the stock an “outperform” rating in a research report on Friday, December 12th. Maxim Group raised shares of Nouveau Monde Graphite to a “strong-buy” rating in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, Nouveau Monde Graphite currently has a consensus rating of “Buy” and an average price target of C$5.38.

Nouveau Monde Graphite Price Performance

Shares of NOU stock traded up C$0.17 during midday trading on Tuesday, reaching C$3.24. 108,430 shares of the company were exchanged, compared to its average volume of 83,890. Nouveau Monde Graphite has a 12 month low of C$1.70 and a 12 month high of C$4.14. The company has a market cap of C$493.33 million, a P/E ratio of -5.40 and a beta of 1.82. The company’s 50 day moving average price is C$3.24 and its two-hundred day moving average price is C$3.24. The company has a debt-to-equity ratio of 105.58, a quick ratio of 1.29 and a current ratio of 3.58.

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.