National Bank Financial cuts target for Nouveau Monde Graphite stock to CAD 3.50
Published on 10/20/2026 at 20:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget and project milestones
- National Bank Financial cut its Nouveau Monde Graphite target from CAD 4.00 to CAD 3.50 on October 19, 2026.
- The company is developing a 106,000 metric ton graphite mine, according to an October 8, 2026 presentation.
- Nouveau Monde Graphite stock costs EUR 0.83 at Lang & Schwarz on October 20, 2026 at 8:32 p.m. CEST.
- MarketBeat lists November 11, 2026 as the estimated date for third-quarter results.
Nouveau Monde Graphite cut its analyst target from CAD 4.00 to CAD 3.50 on October 19, 2026, with an outperform rating retained by National Bank Financial, as The Globe and Mail reported. The stock was trading at EUR 0.83 at Lang & Schwarz on October 20, 2026 at 8:32 p.m. CEST.
Analyst target moves lower
The target reduction leaves National Bank Financial's valuation marker below its previous CAD 4.00 level. The report put the average target for Nouveau Monde Graphite at CAD 4.68, giving investors a second comparison point for the revised CAD 3.50 view.
Project scale remains concrete
Nouveau Monde Graphite is developing the Matawinie project in Quebec as a 106,000 metric ton graphite mine. In an October 8, 2026 presentation, Investing.com reported that management described construction as underway and targeted commissioning by the end of 2028.
November 11 is the next date
MarketBeat lists November 11, 2026 as the estimated reporting date for third-quarter results, with the conference call scheduled for November 12, 2026. The company last published interim financial statements for the period ended June 30, 2026, according to its investor-relations page.
Quote remains below the target
For investors, the main tension is between a revised CAD 3.50 target and the company's long construction timetable. The euro quotation was EUR 0.83 at Lang & Schwarz on October 20, 2026 at 8:32 p.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of Nouveau Monde Graphite stock.
Nouveau Monde Graphite stock facts
- Company: Nouveau Monde Graphite Inc.
- ISIN: CA66979W8429
- Ticker: NOU
- Primary exchange: TSX
- Price Lang & Schwarz (as of October 20, 2026, 8:32 p.m. CEST): EUR 0.83
- Sector / Industry: Materials / graphite mining and advanced materials
- Next earnings date: November 11, 2026
Market context: Market report S&P/TSX Composite.
