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NMG

Nouveau Monde Graphite Inc.

Industry

Industrial Materials

Nouveau Monde Graphite Inc. engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It primarily explores for graphite. The company's flagship project is the Matawinie property that includes 392 mining claims covering an area of 21,750 hectares situated to the north of Montreal, Quebec. It also engages in the real estate and trading businesses. The company was formerly known as Nouveau Monde Mining Enterprises Inc. and changed its name to Nouveau Monde Graphite Inc. in February 2017. Nouveau Monde Graphite Inc. was founded in 2011 and is headquartered in Saint-Michel-des-Saints, Canada.

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Multiple stocks on the New York Stock Exchange, including Berkshire Hathaway and Chipotle, experienced sudden trading halts due to technical issues. The NYSE is investigating the issue, which caused significant price drops in some stocks.

Portfolio Pulse from Piero Cingari

June 03, 2024 | 2:37 pm

Top Wall Street analysts have updated their outlooks on several major stocks, including Salesforce, Pure Storage, Nutanix, UiPath, Datadog, Okta, Nouveau Monde Graphite, Apple, DICK'S Sporting Goods, and International Game Technology. These updates include both price target changes and rating adjustments.

Portfolio Pulse from Avi Kapoor

May 30, 2024 | 12:31 pm

HC Wainwright & Co. has maintained a Buy rating on Nouveau Monde Graphite (NYSE:NMG) but has lowered the price target from $8 to $3.25.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 11:28 am

NMG is advancing its EV battery material offtakes and detailing its capital strategy for Phase-2 financing. The company has $88M cash on hand and is engaging with tier-1 EV and battery manufacturers for additional offtake agreements. NMG is also working with Société Générale and BMO Capital Markets to refine its capital structure for Phase-2 project financing. The company has issued its 2023 ESG Report and closed a $37.5M private placement with Mitsui and Pallinghurst.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 12:17 pm

Nouveau Monde Graphite (NYSE:NMG) is challenging China's dominance in the graphite supply chain, critical for lithium-ion batteries. With China restricting graphite exports, NMG's Quebec deposits and partnerships with Panasonic (OTC:PCRFY) and General Motors (NYSE:GM) position it as a key North American supplier. Caterpillar Inc (NYSE:CAT) is collaborating with NMG to create the world's first all-electric open pit mine, emphasizing responsible mining.

Portfolio Pulse from Neil Dennis

March 24, 2024 | 7:13 pm

YETI shares dropped 15% after reporting Q4 results below estimates and a lower FY24 earnings guidance. BlackRock disclosed a 5.6% passive stake in SoundHound AI, leading to a 97% surge in SOUN shares. Nouveau Monde Graphite announced an offtake agreement with GM for Canadian graphite and a $150M equity investment, causing NMG shares to soar by 137%.

Portfolio Pulse from ryanfaloona@benzinga.com

February 15, 2024 | 1:39 pm

Nouveau Monde Graphite (NMG) has secured multiyear offtake agreements with Panasonic Energy and GM for about 85% of its Phase-2 production of active anode material. Additionally, Mitsui and Pallinghurst have invested a total of $37.5 million in NMG, which will be used to repurchase previously announced convertible notes. The total investment from anchor customers and strategic investors amounts to $87.5 million.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:41 am

Nouveau Monde Graphite (NMG) and Panasonic Energy have signed a binding offtake agreement and a $25M private placement deal. This partnership aims to secure the supply of active anode material for North American battery production, supporting the growing demand for electric vehicles and renewable energy storage solutions.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:37 am

Nouveau Monde Graphite (NMG) has signed an offtake agreement with General Motors (GM) for the supply of Canadian graphite, essential for electric vehicle batteries. Additionally, GM will make a $150 million equity investment in NMG. This partnership underscores the growing demand for materials critical to the EV industry and strengthens NMG's position in the market.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:36 am

Wall Street analysts have updated their price targets and ratings for several stocks. Citigroup upgraded HP Inc. (HPQ) to Buy and raised its price target, resulting in a 2.2% rise in HP's shares. UBS upgraded Noah Holdings (NOAH) to Buy, with shares up 1.6% in pre-market trading. Piper Sandler upgraded Health Catalyst (HCAT) to Overweight despite a price target cut. AXIS Capital (AXS) was upgraded by Keefe, Bruyette & Woods to Outperform with a higher price target. HC Wainwright maintained a Buy rating on Nouveau Monde Graphite (NMG) but lowered its price target. Wells Fargo downgraded Barings BDC (BBDC) and Crescent Capital BDC (CCAP) to Equal-Weight with reduced price targets. B of A Securities downgraded Paramount Group (PGRE) to Underperform with a lower price target. Barclays downgraded Waters Corporation (WAT) to Underweight and reduced its price target. Goldman Sachs maintained a Neutral rating on GoodRx Holdings (GDRX) but cut its price target.

Portfolio Pulse from Lisa Levin

November 13, 2023 | 1:32 pm

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