Nouveau Monde Graphite (CVE:NOU) Given a C$6.00 Price Target by BMO Capital Markets Analysts

by · The Cerbat Gem

Nouveau Monde Graphite (CVE:NOU – Get Free Report) has been given a C$6.00 target price by equities research analysts at BMO Capital Markets in a report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 85.19% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. National Bank Financial upgraded shares of Nouveau Monde Graphite to a “hold” rating in a research note on Thursday, September 11th. National Bankshares upgraded shares of Nouveau Monde Graphite from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$3.50 to C$5.00 in a research note on Tuesday, November 4th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Nouveau Monde Graphite has a consensus rating of “Moderate Buy” and a consensus price target of C$5.50.

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Nouveau Monde Graphite Trading Up 5.5%

Shares of NOU stock traded up C$0.17 on Friday, hitting C$3.24. The company had a trading volume of 108,430 shares, compared to its average volume of 83,890. The stock’s 50-day moving average is C$3.24 and its two-hundred day moving average is C$3.24. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.29 and a current ratio of 1.74. The firm has a market cap of C$493.33 million, a P/E ratio of -5.40 and a beta of 1.82. Nouveau Monde Graphite has a twelve month low of C$1.70 and a twelve month high of C$4.14.

Nouveau Monde Graphite Company Profile

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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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