Nemaska Lithium (NMX) PT Lowered to C$1.90 at National Bank Financial

Nemaska Lithium (TSE:NMX) had its price objective reduced by National Bank Financial from C$2.40 to C$1.90 in a research note issued to investors on Monday morning. They currently have a sector perform rating on the stock. National Bank Financial also issued estimates for Nemaska Lithium’s Q4 2018 earnings at ($0.01) EPS, FY2018 earnings at ($0.03) EPS, FY2019 earnings at ($0.03) EPS and FY2020 earnings at $0.18 EPS.

Several other analysts have also weighed in on the company. Roth Capital lowered Nemaska Lithium from a buy rating to a neutral rating in a report on Sunday, February 25th. Eight Capital boosted their price objective on Nemaska Lithium from C$2.80 to C$3.00 in a report on Wednesday, January 10th. Beacon Securities reissued a buy rating on shares of Nemaska Lithium in a report on Thursday, March 1st. Finally, Canaccord Genuity boosted their price objective on Nemaska Lithium from C$2.25 to C$2.50 in a report on Monday, January 15th.

Shares of Nemaska Lithium stock opened at C$1.28 on Monday. Nemaska Lithium has a fifty-two week low of C$0.95 and a fifty-two week high of C$2.44.

Nemaska Lithium (TSE:NMX) last announced its quarterly earnings data on Wednesday, February 14th. The company reported C($0.01) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C($0.01).

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About Nemaska Lithium

Nemaska Lithium Inc engages in the exploration and evaluation of lithium hard rock mining properties in Canada. 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; and the Sirmac property, which comprises 24 mining claims covering an area of 1,101 hectares located to the north-west of Chibougamau.

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