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

Nemaska Lithium (TSE:NMX) had its price objective dropped by research analysts at National Bank Financial from C$2.40 to C$1.90 in a research note issued to investors on Monday. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 41.26% from the company’s previous close.

NMX has been the subject of several other reports. Beacon Securities restated a “buy” rating on shares of Nemaska Lithium in a research note on Thursday, March 1st. Eight Capital raised their target price on shares of Nemaska Lithium from C$2.80 to C$3.00 in a research note on Wednesday, January 10th. Canaccord Genuity raised their target price on shares of Nemaska Lithium from C$2.25 to C$2.50 in a research note on Monday, January 15th. Finally, Roth Capital downgraded shares of Nemaska Lithium from a “buy” rating to a “neutral” rating in a research note on Sunday, February 25th.

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NMX traded down C$0.03 during trading on Monday, hitting C$1.35. The stock had a trading volume of 3,158,671 shares, compared to its average volume of 2,178,184. Nemaska Lithium has a twelve month low of C$0.95 and a twelve month high of C$2.44.

Nemaska Lithium (TSE:NMX) last announced its earnings results 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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