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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.

Open

1.28

Mkt cap

146M

Volume

33K

High

1.32

P/E Ratio

-1.83

52-wk high

3.13

Low

1.28

Div yield

N/A

52-wk low

1.24

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

HC Wainwright & Co. analyst Heiko Ihle has maintained a Buy rating on Nouveau Monde Graphite (NYSE:NMG) but has reduced the price target from $9 to $8. This adjustment reflects a change in valuation while still indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 12:15 pm

The article lists the stocks that gained and lost the most in Friday's mid-day session. Among the gainers were XORTX Therapeutics, Lipella Pharmaceuticals, and Catalyst Biosciences, while the losers included WEBUY GLOBAL, SolarEdge Technologies, and Processa Pharmaceuticals. Factors influencing these movements include FDA clearances, strategic appointments, acquisitions, and financial results.

Portfolio Pulse from Lisa Levin

October 20, 2023 | 5:45 pm

HC Wainwright & Co. analyst Heiko Ihle has reiterated a 'Buy' rating on Nouveau Monde Graphite (NYSE:NMG) and maintained a $9 price target.

Portfolio Pulse from richadhand@benzinga.com

August 23, 2023 | 10:19 am

During Friday's session, 59 companies set new 52-week lows. The largest firm by market cap to set a new low was Bristol-Myers Squibb (NYSE:BMY), while the smallest was BitNile Metaverse (NASDAQ:BNMV). Tonix Pharmaceuticals (NASDAQ:TNXP) saw the largest move with shares plummeting 38.2%. ClearPoint Neuro (NASDAQ:CLPT)'s stock bounced back the most, rising 0.0% after reaching its new low.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 4:36 pm

On Thursday, 109 companies set new 52-week lows. The largest company in terms of market cap to set a new 52-week low was Nasdaq (NASDAQ:NDAQ). Biodexa Pharmaceuticals (NASDAQ:BDRX) was the smallest company in terms of market cap to set a new 52-week low. Sarcos Technology (NASDAQ:STRC) shares dropped the most, trading down 417.35% to reach its new 52-week low. Cineverse (NASDAQ:CNVS) shares were the most resilient, as shares rose 0.0%, rebounding from its new 52-week low.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 4:58 pm

On Friday, 63 companies hit new 52-week lows, with Healthpeak Properties being the largest by market cap and Assure Hldgs the smallest. Bright Health Gr's stock fell the most, while Eaton Vance Short's shares had the biggest turnaround.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 5:59 pm

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