Maxim Group Initiates Coverage on Nouveau Monde Graphite with a Buy Rating and $6.00 Price Target

Maxim Group initiates coverage on Nouveau Monde Graphite (NMG) with a Buy rating and sets a price target of $6.00 USD. Analyst Tate Sullivan expects the company to perform well in the current market. The historical ratings show HC Wainwright & Co. maintained a Buy rating with a price target increase from $2.75 to $7.50 USD, a 172.73% increase. Wall Street analysts forecast an average target price of $6.09 with a high estimate of $7.53 and a low estimate of $4.72, implying an upside of 102.28% from the current price of $3.01.