Newmarket Gold Inc (TSE:NMI) Given Average Rating of “Buy” by Brokerages
Shares of Newmarket Gold Inc (TSE:NMI) have earned an average recommendation of “Buy” from the nine analysts that are currently covering the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$4.27.
A number of equities research analysts have recently weighed in on the company. Raymond James Financial Inc. cut Newmarket Gold from an “outperform” rating to a “market perform” rating in a report on Friday, September 30th. M Partners reaffirmed a “buy” rating on shares of Newmarket Gold in a report on Monday, July 18th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Newmarket Gold in a report on Tuesday, July 12th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Newmarket Gold in a report on Friday, September 30th. Finally, National Bank Financial lifted their price target on Newmarket Gold from C$5.00 to C$5.80 in a report on Wednesday, July 13th.
Newmarket Gold (TSE:NMI) traded down 0.79% during midday trading on Friday, reaching $3.79. The company had a trading volume of 854,033 shares. The company’s 50 day moving average is $4.28 and its 200-day moving average is $3.72. Newmarket Gold has a 52-week low of $1.27 and a 52-week high of $5.07. The company’s market capitalization is $673.70 million.
In related news, insider Robert James Joseph Dufour sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of C$4.40, for a total transaction of C$110,000.00.
Newmarket Gold Company Profile
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