FY2024 Earnings Forecast for CVE:NOU Issued By Roth Capital

Nouveau Monde Graphite Inc. (CVE:NOU) – Analysts at Roth Capital raised their FY2024 earnings estimates for Nouveau Monde Graphite in a research note issued to investors on Wednesday, November 20th. Roth Capital analyst J. Reagor now expects that the company will earn ($0.64) per share for the year, up from their prior estimate of ($0.67). 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 ($0.12) EPS, Q2 2025 earnings at ($0.07) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.07) EPS and FY2025 earnings at ($0.28) EPS.

Nouveau Monde Graphite Stock Performance

CVE NOU opened at C$1.73 on Friday. The business’s 50-day moving average price is C$2.00 and its 200 day moving average price is C$2.30. The company has a quick ratio of 1.29, a current ratio of 1.85 and a debt-to-equity ratio of 15.36. The firm has a market cap of C$194.71 million, a P/E ratio of -1.73 and a beta of 1.82. Nouveau Monde Graphite has a 52-week low of C$1.70 and a 52-week high of C$4.20.

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.