National Bank of Canada Retains NanoXplore's Sector Perform Rating, $2.80 Price Target

11:03 AM EDT, 09/17/2025 (MT Newswires) -- National Bank of Canada on Tuesday maintained NanoXplore's (NNXPF) sector perform rating and $2.80 price target.

NanoXplore (NNXPF) posted results in the fourth quarter of its fiscal 2025, including revenue of $31.7 million that missed the bank's estimate of $35.6 million and the consensus forecast of $33 million.

Adjusted EBITDA stood at $2.5 million, compared to the bank's forecast of $2.0 million and the consensus projection of $1.5 million.

"While the near-term outlook remains cautious, expansion projects and new program launches continue to underpin the company's long-term growth profile," National Bank said.

"Notably, following the newly proposed U.S. tariffs on Chinese-based graphite, we believe the landscape has fundamentally changed in North America where long-term demand trends for graphene are suggested to be unchanged and which positions GRA well to capitalize on its next phase of growth," the bank added.

The bank said it based NanoXplore's (NNXPF) price target on a long-term DCF with a cost of equity of 11.5%.

The company traded 13.2% lower at last look to $2.69 per share on the TSX.

Price: 2.60, Change: -0.50, Percent Change: -16.13

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