Nouveau Monde Graphite Inc. (CVE:NOU) to Post Q1 2023 Earnings of ($0.24) Per Share, Pi Financial Forecasts

Nouveau Monde Graphite Inc. (CVE:NOUGet Rating) – Investment analysts at Pi Financial issued their Q1 2023 earnings estimates for Nouveau Monde Graphite in a report issued on Monday, May 8th. Pi Financial analyst B. Jekic expects that the company will post earnings of ($0.24) per share for the quarter. Pi Financial currently has a “Buy” rating and a $8.50 price target on the stock. The consensus estimate for Nouveau Monde Graphite’s current full-year earnings is ($0.46) per share. Pi Financial also issued estimates for Nouveau Monde Graphite’s Q2 2023 earnings at ($0.17) EPS, Q3 2023 earnings at ($0.20) EPS, Q4 2023 earnings at ($0.15) EPS, FY2023 earnings at ($0.72) EPS, Q1 2024 earnings at ($0.13) EPS, Q2 2024 earnings at ($0.17) EPS, Q3 2024 earnings at ($0.18) EPS, Q4 2024 earnings at ($0.19) EPS, FY2024 earnings at ($0.67) EPS, FY2025 earnings at ($0.02) EPS, FY2026 earnings at $1.05 EPS and FY2027 earnings at $1.32 EPS.

Nouveau Monde Graphite Trading Down 9.6 %

Shares of NOU stock opened at C$4.60 on Thursday. Nouveau Monde Graphite has a 52-week low of C$4.36 and a 52-week high of C$9.00. The company has a debt-to-equity ratio of 84.82, a quick ratio of 1.29 and a current ratio of 4.59. The company has a 50-day simple moving average of C$6.20 and a two-hundred day simple moving average of C$6.39. The company has a market capitalization of C$279.31 million, a price-to-earnings ratio of -4.79 and a beta of 1.67.

Nouveau Monde Graphite (CVE:NOUGet Rating) last posted its earnings results on Thursday, March 23rd. The company reported C($0.13) EPS for the quarter.

About Nouveau Monde Graphite

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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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Earnings History and Estimates for Nouveau Monde Graphite (CVE:NOU)

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