Streetbeat News

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.

Open

1.37

Mkt cap

149M

Volume

41K

High

1.37

P/E Ratio

-2.36

52-wk high

3.07

Low

1.32

Div yield

N/A

52-wk low

1.22

Nouveau Monde Graphite Inc. (NMG) has successfully closed a US$50 million private placement with Canada Growth Fund and Investissement Quebec. This funding is expected to support NMG's growth and development initiatives.

Portfolio Pulse from

December 20, 2024 | 3:45 pm

Nouveau Monde Graphite (NMG) has experienced a 12.06% decline over the past four weeks. However, the stock is now in oversold territory, and Wall Street analysts are revising earnings estimates higher, suggesting a potential trend reversal.

Portfolio Pulse from

December 03, 2024 | 3:45 pm

Nouveau Monde Graphite Inc. (NMG) is progressing towards a Final Investment Decision for its Phase-2 operations, including the Matawinie Mine and Bécancour Battery Material Plant. The company is working on an integrated feasibility study and engaging with anchor customer Panasonic Energy.

Portfolio Pulse from

November 15, 2024 | 12:15 pm

Nouveau Monde Graphite has reported the payment of accrued interests related to a previously announced private placement. This financial update is part of their ongoing capital management strategy.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 11:27 am

Top Wall Street analysts have updated their price targets and ratings for several companies. Notable changes include a price target increase for Philip Morris International by B of A Securities, and a downgrade for Amphenol Corporation. These updates could influence short-term stock movements.

Portfolio Pulse from Avi Kapoor

September 04, 2024 | 1:38 pm

HC Wainwright & Co. has maintained a Buy rating on Nouveau Monde Graphite (NYSE:NMG) but lowered the price target from $3.25 to $3.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:37 am

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

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