Freedom Broker Starts Nouveau Monde Graphite Inc. (NMG) at Hold

Freedom Broker analyst Vitaly Kononov initiates coverage on Nouveau Monde Graphite Inc. (NYSE: NMG) with a Hold rating and a price target of $1.48.

The analyst comments "We initiate coverage of Nouveau Monde Graphite (NYSE: NMG), a Québec-based natural graphite developer building a mine-toanode chain, with a Hold rating and a 12-month price target of US$1.48, as a mine that is funded subject to debt financial close and has partly contracted output is offset by an unfunded anode plant."

For an analyst ratings summary and ratings history on Nouveau Monde Graphite Inc. click here. For more ratings news on Nouveau Monde Graphite Inc. click here.

Shares of Nouveau Monde Graphite Inc. closed at $1.20 yesterday.

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