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Nouveau Monde Mining (NOU) Gets a Buy from Maxim Group

Tipranks - Tipranks - Sat Feb 28, 8:36AM CST

Maxim Group analyst Tate Sullivan reiterated a Buy rating on Nouveau Monde Mining today and set a price target of $6.00.

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According to TipRanks, Sullivan is a 4-star analyst with an average return of 4.3% and a 51.21% success rate. Sullivan covers the Industrials sector, focusing on stocks such as Performance Shipping, NeoVolta, and XTI Aerospace.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nouveau Monde Mining with a $5.29 average price target.

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Based on Nouveau Monde Mining’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$8.06 million.

Based on the recent corporate insider activity of 28 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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