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Nouveau Monde Graphite

NMG · TORONTO

$0.942+$0.0528 (+5.94%)TodayMarket closed ·
Prev close $0.8892

NMG analyst rating

BuyConsensus of 4 analysts over the last 12 months. 75% rate it a buy.
  • Strong buy0
  • Buy3
  • Hold1
  • Underperform0
  • Sell0

12-month price target · 8 analysts

Average $2.86 (+204.1% upside)

Low
$1.05
Now
$0.942
High
$4.92

Upgrades and downgrades

The latest rating actions, newest first

NMG analyst upgrades, downgrades and rating actions
FirmDateActionRating
Freedom BrokerOct 1, 2026InitiatesHold
JefferiesSep 2, 2026InitiatesBuy
HC Wainwright & Co.Aug 24, 2026MaintainsBuy
HC Wainwright & Co.May 21, 2026MaintainsBuy
HC Wainwright & Co.Jan 30, 2026MaintainsBuy
Maxim GroupJan 20, 2026InitiatesBuy

The case for and against

Updated Sep 30, 2026

Bull case

Nouveau Monde Graphite Inc. is positioned favorably in the rapidly growing graphite market, bolstered by the swift execution of offtake agreements and the anticipated increase in demand for battery-grade materials, driven by the lithium-ion battery sector. The acknowledgment of the Matawinie project as a "Major Project of National Interest" by the Government of Canada enhances the company's prospects for obtaining necessary debt financing, which is critical for advancing its operations. Additionally, the company's updated Net Asset Value (NAV) multiple and reduced discount rate reflect an optimistic outlook based on improving market conditions and increased investor interest in graphite, supporting a robust valuation derived from the discounted cash flow of its mining and battery material projects.

Bear case

Nouveau Monde Graphite's stock outlook is negative primarily due to the financial impact of its recent equity raise, which results in significant dilution for existing shareholders. Additionally, management has indicated that rising tariffs and supply chain volatility are creating unforeseen uncertainties, making investment planning more challenging amid increasing competition in sectors such as electric vehicles and energy storage. This combination of factors suggests that the company's efforts to secure project financing could be hindered, further complicating its future financial stability.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.