Newmarket Gold Inc (NMI) Lowered to Market Perform at Raymond James Financial Inc.
Several other research firms have also commented on NMI. M Partners reaffirmed a buy rating on shares of Newmarket Gold in a report on Monday, July 18th. Royal Bank Of Canada reiterated an outperform rating on shares of Newmarket Gold in a research report on Tuesday, July 12th. Finally, National Bank Financial boosted their price objective on Newmarket Gold from C$5.00 to C$5.80 in a research report on Wednesday, July 13th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of C$4.26.
Newmarket Gold (TSE:NMI) opened at 4.71 on Friday. Newmarket Gold has a 52-week low of $1.27 and a 52-week high of $5.07. The firm’s 50-day moving average price is $4.28 and its 200 day moving average price is $3.67. The stock’s market cap is $837.24 million.
In other news, insider Robert James Joseph Dufour sold 25,000 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of C$4.40, for a total transaction of C$110,000.00. Also, insider Eric S. Sprott sold 107,900 shares of the stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of C$3.95, for a total value of C$426,205.00.
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