BMO Capital Markets Lowers Nemaska Lithium (NMX) Price Target to C$1.45

Nemaska Lithium (TSE:NMX) had its price objective reduced by equities research analysts at BMO Capital Markets from C$1.50 to C$1.45 in a report issued on Thursday. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 81.25% from the company’s previous close.

TSE NMX opened at C$0.80 on Thursday. Nemaska Lithium has a 1 year low of C$0.60 and a 1 year high of C$2.44.

Nemaska Lithium (TSE:NMX) last posted its quarterly earnings results on Friday, September 28th. The company reported C($0.01) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C($0.01).

Nemaska Lithium Company Profile

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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