FY2019 Earnings Forecast for Nemaska Lithium Inc Issued By National Bank Financial (NMX)

Nemaska Lithium Inc (TSE:NMX) – Stock analysts at National Bank Financial dropped their FY2019 EPS estimates for shares of Nemaska Lithium in a research note issued on Wednesday. National Bank Financial analyst R. Merer now forecasts that the company will post earnings per share of ($0.05) for the year, down from their prior estimate of $0.02. National Bank Financial has a “Sector Perform” rating and a $2.40 price target on the stock. National Bank Financial also issued estimates for Nemaska Lithium’s FY2020 earnings at $0.41 EPS.

Nemaska Lithium (TSE:NMX) last released its quarterly earnings data on Tuesday, November 14th. The company reported C($0.01) earnings per share (EPS) for the quarter.

NMX has been the topic of several other reports. Eight Capital lifted their price target on shares of Nemaska Lithium from C$2.80 to C$3.00 in a research note on Wednesday, January 10th. Canaccord Genuity lifted their price target on shares of Nemaska Lithium from C$2.25 to C$2.50 in a research note on Monday.

Shares of Nemaska Lithium (TSE:NMX) traded down C$0.02 during trading hours on Monday, reaching C$2.04. 2,040,000 shares of the company traded hands, compared to its average volume of 2,340,000. Nemaska Lithium has a 12-month low of C$0.95 and a 12-month high of C$2.44. The firm has a market cap of $771.32, a price-to-earnings ratio of -68.00 and a beta of 0.38.

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About Nemaska Lithium

Nemaska Lithium Inc engages in the exploration and evaluation of hard rock lithium mining properties and related processing of spodumene into lithium compounds in Canada. The company 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 northwest of the town of Chibougamau and southeast of the town of Nemaskain Quebec province.

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