Nouveau Monde Graphite (CVE:NOU) Stock Rating Upgraded by National Bank Financial

Nouveau Monde Graphite (CVE:NOU) was upgraded by equities research analysts at National Bank Financial to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, National Bankshares set a C$3.50 price target on Nouveau Monde Graphite and gave the company a “sector perform” rating in a research report on Friday. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$3.50.

Nouveau Monde Graphite Stock Up 5.5%

Nouveau Monde Graphite stock opened at C$3.24 on Thursday. Nouveau Monde Graphite has a fifty-two week low of C$1.70 and a fifty-two week high of C$4.14. The stock has a market cap of C$493.33 million, a PE ratio of -5.40 and a beta of 1.82. The firm’s 50-day simple moving average is C$3.24 and its 200 day simple 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.

Nouveau Monde Graphite Company Profile

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.