Nemaska Lithium Inc.

NMX-T

Analysis and Opinions about NMX-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
October 16, 2019
They have a done a deal with a private equity company, effectively taking the company private. Their hard rock lithium project is challenged due to the infrastructure constraints -- including rail and power. They needed more money, creating an opportunity for the private equity company.
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They have a done a deal with a private equity company, effectively taking the company private. Their hard rock lithium project is challenged due to the infrastructure constraints -- including rail and power. They needed more money, creating an opportunity for the private equity company.
DON'T BUY
DON'T BUY
March 4, 2019
They are ramping up a lithium operation in Quebec using a novel process, so there is execution risk. Their project is over budget by $270 Million. They used debt financing. They will either dilute share price or sell part of the project. They initiated a strategic review and what is best for shareholders is that the company gets sold. He does not like the risk/reward.
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They are ramping up a lithium operation in Quebec using a novel process, so there is execution risk. Their project is over budget by $270 Million. They used debt financing. They will either dilute share price or sell part of the project. They initiated a strategic review and what is best for shareholders is that the company gets sold. He does not like the risk/reward.
BUY
BUY
May 18, 2018

Lithium makes up a huge part of a car battery. NMX is expected to earn 14 cents in June 2020. It's building a huge mine in northern Quebec and just signed some debt financing. If they finish their financing, expect serious upside here.

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Lithium makes up a huge part of a car battery. NMX is expected to earn 14 cents in June 2020. It's building a huge mine in northern Quebec and just signed some debt financing. If they finish their financing, expect serious upside here.

COMMENT
COMMENT
January 16, 2018

Lithium, a number of years ago, was very, very popular. Then the lithium market pretty much died. It’s now coming back because of cars. He doesn't know this company, but in this field you have to be wary.

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Lithium, a number of years ago, was very, very popular. Then the lithium market pretty much died. It’s now coming back because of cars. He doesn't know this company, but in this field you have to be wary.

COMMENT
COMMENT
November 17, 2017

Has held this for very long time. They are very promotional. They went through their controversial phase about their processes which was fairly revolutionary. So far, it seems it will work. Located in Québec.

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Has held this for very long time. They are very promotional. They went through their controversial phase about their processes which was fairly revolutionary. So far, it seems it will work. Located in Québec.

COMMENT
COMMENT
October 27, 2017

There’s been a lot of investor interest in lithium names. We are coming into the seasonal period where mining stocks can actually do well. When you have a momentum trend, plus a seasonal trend to back it up, that is positive. Chart shows it has broken above the channel, which is a good sign. There may be some resistance at $2, but if it breaks above $2, that will be fairly positive.

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There’s been a lot of investor interest in lithium names. We are coming into the seasonal period where mining stocks can actually do well. When you have a momentum trend, plus a seasonal trend to back it up, that is positive. Chart shows it has broken above the channel, which is a good sign. There may be some resistance at $2, but if it breaks above $2, that will be fairly positive.

COMMENT
COMMENT
February 10, 2017

Looking to develop a very good lithium deposit in Québec. It is going to need about $600 million to develop the project, and this is a small company. There is greater and greater demand for lithium. As we get more cars, a lot of batteries are lithium based. With Tesla building their big battery factory in the south west US, there is going to be huge demand going forward. This company is going to need financing, and will likely get it. They also need permitting. It is still 2-3 years away before production starts.

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Looking to develop a very good lithium deposit in Québec. It is going to need about $600 million to develop the project, and this is a small company. There is greater and greater demand for lithium. As we get more cars, a lot of batteries are lithium based. With Tesla building their big battery factory in the south west US, there is going to be huge demand going forward. This company is going to need financing, and will likely get it. They also need permitting. It is still 2-3 years away before production starts.

COMMENT
COMMENT
November 21, 2016

Good stock. A lithium deposit in Québec. Typically it is used for batteries, and everyone was jumping on the Tesla bandwagon, and how lithium batteries were going to come in. Trump is looking for more oil and self-sufficiency, and a lot of renewable energy stocks have been hit because of this. People say he is not going to give the subsidies which Obama had been looking forward to providing companies with the stimulus they need at this stage. This company has one of the higher grades out there, and there are not a lot of new projects coming on in the next 3-5 years. They will have to raise $6-$7 million to put the mine into production. It will probably be a winner; it will just take time. If you buy it here, you are probably going to be holding it for a couple of years, and will likely have a chance to buy it on an equity issue someplace down the road.

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Good stock. A lithium deposit in Québec. Typically it is used for batteries, and everyone was jumping on the Tesla bandwagon, and how lithium batteries were going to come in. Trump is looking for more oil and self-sufficiency, and a lot of renewable energy stocks have been hit because of this. People say he is not going to give the subsidies which Obama had been looking forward to providing companies with the stimulus they need at this stage. This company has one of the higher grades out there, and there are not a lot of new projects coming on in the next 3-5 years. They will have to raise $6-$7 million to put the mine into production. It will probably be a winner; it will just take time. If you buy it here, you are probably going to be holding it for a couple of years, and will likely have a chance to buy it on an equity issue someplace down the road.

BUY
BUY
September 12, 2016

They have one of the better assets here. Located in Quebec. Longer term there will be a lot of demand for lithium batteries.

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Nemaska Lithium Inc. (NMX-T)
September 12, 2016

They have one of the better assets here. Located in Quebec. Longer term there will be a lot of demand for lithium batteries.

COMMENT
COMMENT
August 9, 2016

He owns a little of this. It is a play on the lithium market, which is a play on the electric vehicle market. It has a project that will probably be one of the earlier ones to be developed, but is clearly just playing this trend towards the electric vehicles. Unfortunately, there is a lot of lithium globally so not every project is going to get developed.

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He owns a little of this. It is a play on the lithium market, which is a play on the electric vehicle market. It has a project that will probably be one of the earlier ones to be developed, but is clearly just playing this trend towards the electric vehicles. Unfortunately, there is a lot of lithium globally so not every project is going to get developed.

TOP PICK
TOP PICK
December 4, 2015

Has a very good high grade lithium deposit in Québec, which should be low cost. They are ready to start building the mine. A high risk story and very speculative. Thinks it has been de-risked a lot. The outlook for lithium is pretty attractive. A kind of mad money investment.

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Has a very good high grade lithium deposit in Québec, which should be low cost. They are ready to start building the mine. A high risk story and very speculative. Thinks it has been de-risked a lot. The outlook for lithium is pretty attractive. A kind of mad money investment.

WEAK BUY
WEAK BUY
November 16, 2015

Lithium space. There has been a lot of interest as agreements are signed. Companies signing early before TSLA-Q’s giga factory gets into production may not be an advantage. This one is probably cheap.

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Lithium space. There has been a lot of interest as agreements are signed. Companies signing early before TSLA-Q’s giga factory gets into production may not be an advantage. This one is probably cheap.

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Nemaska Lithium Inc.(NMX-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for Nemaska Lithium Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Nemaska Lithium Inc.(NMX-T) Frequently Asked Questions

What is Nemaska Lithium Inc. stock symbol?

Nemaska Lithium Inc. is a Canadian stock, trading under the symbol NMX-T on the Toronto Stock Exchange (NMX-CT). It is usually referred to as TSX:NMX or NMX-T

Is Nemaska Lithium Inc. a buy or a sell?

In the last year, 1 stock analyst published opinions about NMX-T. 0 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for Nemaska Lithium Inc..

Is Nemaska Lithium Inc. a good investment or a top pick?

Nemaska Lithium Inc. was recommended as a Top Pick by Joe Mazumdar on 2019-10-16. Read the latest stock experts ratings for Nemaska Lithium Inc..

Why is Nemaska Lithium Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Nemaska Lithium Inc. worth watching?

1 stock analyst on Stockchase covered Nemaska Lithium Inc. In the last year. It is a trending stock that is worth watching.

What is Nemaska Lithium Inc. stock price?

On 2020-02-06, Nemaska Lithium Inc. (NMX-T) stock closed at a price of $0.165.