Roth Capital Issues Optimistic Estimate for CVE:NOU Earnings

Nouveau Monde Graphite Inc. (CVE:NOU) – Equities researchers at Roth Capital boosted their FY2024 earnings estimates for Nouveau Monde Graphite in a research report issued to clients and investors on Wednesday, March 26th. Roth Capital analyst J. Reagor now forecasts that the company will post earnings of ($0.58) per share for the year, up from their previous estimate of ($0.64). The consensus estimate for Nouveau Monde Graphite’s current full-year earnings is ($0.46) per share. Roth Capital also issued estimates for Nouveau Monde Graphite’s Q4 2024 earnings at ($0.09) EPS, Q1 2025 earnings at ($0.05) EPS, Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.05) EPS and FY2025 earnings at ($0.23) EPS.

Nouveau Monde Graphite Stock Performance

NOU opened at C$3.24 on Friday. The business has a fifty day simple moving average of C$3.24 and a 200-day simple moving average of C$2.50. The firm has a market cap of C$493.33 million, a PE ratio of -5.40 and a beta of 1.82. The company has a quick ratio of 1.29, a current ratio of 1.74 and a debt-to-equity ratio of 16.18. Nouveau Monde Graphite has a fifty-two week low of C$1.70 and a fifty-two week high of C$4.14.

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.