BMO Capital Markets Reiterates Market Perform Rating for Newmarket Gold Inc (NMI)
Newmarket Gold Inc (TSE:NMI)‘s stock had its “market perform” rating restated by equities research analysts at BMO Capital Markets in a report released on Friday.
A number of other equities research analysts have also recently issued reports on the stock. Raymond James Financial Inc. cut shares of Newmarket Gold from an “outperform” rating to a “market perform” rating in a report on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Newmarket Gold in a report on Tuesday, July 12th. National Bank Financial upped their target price on shares of Newmarket Gold from C$5.00 to C$5.80 in a report on Wednesday, July 13th. Finally, M Partners reaffirmed a “buy” rating on shares of Newmarket Gold in a report on Monday, July 18th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$4.26.
Newmarket Gold (TSE:NMI) opened at 4.62 on Friday. The stock has a 50 day moving average of $4.29 and a 200-day moving average of $3.71. Newmarket Gold has a 1-year low of $1.27 and a 1-year high of $5.07. The company’s market cap is $821.24 million.
In other Newmarket Gold news, insider Eric S. Sprott sold 107,900 shares of the stock in a transaction that occurred on Wednesday, July 6th. The shares were sold at an average price of C$3.95, for a total transaction of C$426,205.00. Also, insider Robert James Joseph Dufour sold 25,000 shares of the stock in a transaction that occurred 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.
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