Nouveau Monde Graphite (CVE:NOU) Upgraded at Maxim Group

Maxim Group upgraded shares of Nouveau Monde Graphite (CVE:NOU) to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. National Bankshares upgraded Nouveau Monde Graphite from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$3.50 to C$5.00 in a research report on Tuesday, November 4th. 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 report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Nouveau Monde Graphite currently has an average rating of “Buy” and an average price target of C$5.50.

Nouveau Monde Graphite Stock Performance

Shares of Nouveau Monde Graphite stock traded up C$0.17 during trading on Tuesday, hitting C$3.24. 108,430 shares of the company’s stock were exchanged, compared to its average volume of 83,890. 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 debt-to-equity ratio of 16.18, a quick ratio of 1.29 and a current ratio of 1.74. 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. The business has a 50-day simple moving average of C$3.24 and a 200-day simple moving average of C$3.24.

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.