Nemaska Lithium (TSE:NMX) had its price target dropped by stock analysts at BMO Capital Markets from C$0.50 to C$0.35 in a research note issued on Thursday, April 4th, BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 29.63% from the stock’s current price.
A number of other equities research analysts have also commented on NMX. Beacon Securities lowered Nemaska Lithium from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. Eight Capital reduced their price objective on Nemaska Lithium from C$2.50 to C$1.40 in a research note on Thursday, February 14th. Finally, National Bank Financial reduced their price objective on Nemaska Lithium from C$1.70 to C$1.50 and set an “outperform” rating for the company in a research note on Monday, February 4th.
TSE NMX opened at C$0.27 on Thursday. The firm has a market capitalization of $228.85 million and a P/E ratio of -11.74. Nemaska Lithium has a 12 month low of C$0.25 and a 12 month high of C$1.35. The company has a quick ratio of 8.07, a current ratio of 8.12 and a debt-to-equity ratio of 98.20.
Nemaska Lithium Inc operates as a developing chemical company in Canada. The company focuses on integrating activities from spodumene mining to the commercialization of lithium hydroxide and lithium carbonate. It owns 100% interests in the Whabouchi property that consists of 33 claims covering an area of 1,716 hectares located in the Eeyou Istchee/James Bay area of Quebec province.
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