Van ECK Associates Corp decreased its position in Nouveau Monde Graphite Inc. (NYSE:NMG – Get Rating) by 0.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 454,823 shares of the company's stock after selling 3,080 shares during the period. Van ECK Associates Corp owned about 0.81% of Nouveau Monde Graphite worth $2,456,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the company. LPL Financial LLC acquired a new stake in shares of Nouveau Monde Graphite in the second quarter valued at approximately $53,000. Bank of Montreal Can acquired a new position in shares of Nouveau Monde Graphite during the 1st quarter worth approximately $82,000. Bank of America Corp DE bought a new stake in shares of Nouveau Monde Graphite during the 1st quarter worth approximately $115,000. Belvedere Trading LLC acquired a new stake in shares of Nouveau Monde Graphite in the 3rd quarter valued at approximately $209,000. Finally, National Bank of Canada FI grew its stake in shares of Nouveau Monde Graphite by 2.2% in the third quarter. National Bank of Canada FI now owns 86,422 shares of the company's stock valued at $462,000 after buying an additional 1,850 shares in the last quarter. Institutional investors and hedge funds own 7.95% of the company's stock.
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Analysts Set New Price Targets
Separately, B. Riley cut their price target on shares of Nouveau Monde Graphite from $15.00 to $7.00 and set a "buy" rating for the company in a research note on Thursday, October 27th.
Nouveau Monde Graphite Price Performance
NYSE:NMG opened at $5.17 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.06. Nouveau Monde Graphite Inc. has a 12-month low of $3.38 and a 12-month high of $8.81. The stock's 50 day moving average price is $4.51 and its two-hundred day moving average price is $4.96. The firm has a market capitalization of $288.87 million, a price-to-earnings ratio of -6.38 and a beta of 0.59.
Nouveau Monde Graphite (NYSE:NMG – Get Rating) last posted its quarterly earnings results on Friday, November 11th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.05). On average, analysts anticipate that Nouveau Monde Graphite Inc. will post -0.65 earnings per share for the current year.
Nouveau Monde Graphite Company Profile
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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.
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