Nouveau Monde Graphite Inc. (NMG) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Nouveau Monde Graphite Inc. (NMG) stock forecast summary
Our AI ranks Nouveau Monde Graphite Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Nouveau Monde Graphite Inc. is a small-cap company with a market capitalization of $311M. It ranks number 6 by market capitalization among the 10 Miscellaneous Metal Ores issuers in our coverage with a current forecast.
For NMG, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 12.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -3.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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How NMG ranks among 5184 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Nouveau Monde Graphite Inc. (NMG) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Miscellaneous Metal Ores peers listed below that report each metric. Statement values were filed in CAD and are shown converted to USD (flows at the trailing twelve-month average rate, balances at the balance-sheet date rate).
Financial statement data is not available for this company: its filings are not in a form the pipeline converts, so only market data is shown.
Valuation & Market
| Metric | NMG | Rank |
|---|---|---|
| Market Cap | $311M | 6/10 |
Profitability & Margins
| Metric | NMG | Rank |
|---|---|---|
| Tax Rate | -0.6% | – |
Financial Health
| Metric | NMG | Rank |
|---|---|---|
| Current Ratio | 0.87x | 8/10 |
| D/E Ratio | 1.18x | 2/6 |
| Financial Leverage | 2.18x | 2/7 |
Dividend & Shareholder Information
| Metric | NMG | Rank |
|---|---|---|
| Shares Outstanding | 329M | – |
NMG quarterly financials and insider trading
Nouveau Monde Graphite Inc. (NMG) industry peers
Companies classified under the same SEC industry code as Nouveau Monde Graphite Inc. (Miscellaneous Metal Ores): 12 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| NMG Nouveau Monde Graphite Inc. | ▼ | $311M |
| CCJ Cameco Corp | ▶ | $35.50B |
| NXE Nexgen Energy Ltd. | ▶ | $5.52B |
| UEC Uranium Energy Corp | ▶ | $3.92B |
| DNN Denison Mines Corp. | ▲ | $2.06B |
| IPX Iperionx Ltd | ▲ | $571M |
| NUCL Eagle Nuclear Energy Corp. | ▶ | $150M |
| FNUC Frontier Nuclear & Minerals Inc. | ▶ | $16M |
| FMST Foremost Clean Energy Ltd. | ▶ | $8M |
| GLNS Golden Star Resource Corp. | ▼ | $6M |
| ELRE Yinfu Gold Corp. | ▶ | N/A |
| RITE Mineralrite Corp | ▼ | N/A |
Where NMG sits on the market map
Nouveau Monde Graphite Inc. (NMG) stock news
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Nouveau Monde Graphite Inc. (NMG) stock forecast FAQ
What is the Nouveau Monde Graphite Inc. (NMG) stock forecast?
Our AI ranks Nouveau Monde Graphite Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Nouveau Monde Graphite Inc. stock predictions?
For NMG, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 12.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -3.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Nouveau Monde Graphite Inc. forecasts updated?
Nouveau Monde Graphite Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Nouveau Monde Graphite Inc.'s industry peers?
12 issuers in our coverage, NMG included, share the SEC industry code Miscellaneous Metal Ores. The largest are: Cameco Corp (CCJ), Nexgen Energy Ltd. (NXE), Uranium Energy Corp (UEC), Denison Mines Corp. (DNN), Iperionx Ltd (IPX), Eagle Nuclear Energy Corp. (NUCL).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.