Nouveau Monde Graphite Inc V.NOU

Alternate Symbol(s): NMG

Nouveau Monde Graphite Inc. is a Canada-based company, which is specialized in the exploration, evaluation and development of mineral properties located in Quebec. It is focused on developing a fully integrated source of carbon-neutral battery anode material in Quebec, Canada. The Company’s projects include Phase-2 Matawinie Mine, Becancour Battery Material Plant projects and Lac Gueret property. The Company owns a 100% interest in the Matawinie graphite property located in Saint-Michel-des-Saints, 150 kilometers (km) north of Montreal, Quebec. The project produces approximately 103,328 tons per annum (tpa) of high-purity flake graphite concentrate. Its Battery Materials Plant projects is located in an industrial park and near a shipping port in Becancour, Quebec, approximately 150 km northeast of Montreal, on the Saint Lawrence River. The Company owns the 100% of the rights to the Lac Gueret property, which consists of 74 map-designated claims totaling 3,999.52 hectares.

TSXV:NOU - Post by User

Nouveau Monde Graphite Inc > Analyst target price at 0.90$

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Comment by CGC12345678on Nov 26, 2020 11:31pm

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Post# 31986849

RE:Analyst target price at 0.90$

RED PRE-MARKET

https://www.cnbc.com/pre-markets/

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Analyst target price at 0.90$ .

I only found an analyst target at 0.90$

If the target is $ 0.90 in production in 2023.

Wait two years before reaching $ 0.90

Do you have other analysts?

Beacon Securities Ltd.| 66 Wellington Street West, Suite 4050, Toronto, Ontario, M5K 1H1 |416.643.3830

We maintain our $0.90 target price

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NOU continues to work on achieving purity levels for the finer material and grow its partnership with HQ. This should help secure a government grant and a commercial partner for the battery materials program, which will be the second key catalyst for NOU in FY19. Consequently, we continue to view NOU as one of the best investment vehicles in graphite especially given its cheap valuation (0.23x NAVPS at current graphite prices). We maintain our $0.90 target.

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