Roth MKM analyst Joseph Reagor maintained a Buy rating on Nouveau Monde Mining today and set a price target of $4.70. The company’s shares closed yesterday at C$5.46.
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According to TipRanks, Reagor is a 5-star analyst with an average return of 28.5% and a 54.53% success rate. Reagor covers the Basic Materials sector, focusing on stocks such as Avino Silver & Gold, Silvercorp Metals, and US Gold.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nouveau Monde Mining with a C$5.89 average price target, which is a 7.88% upside from current levels. In a report released yesterday, H.C. Wainwright also reiterated a Buy rating on the stock with a $7.50 price target.
The company has a one-year high of C$7.96 and a one-year low of C$1.70. Currently, Nouveau Monde Mining has an average volume of 91.58K.
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NOU in relation to earlier this year.
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