Newmarket Gold Inc (NMI) to Post Q3 2016 Earnings of $0.09 Per Share, National Bank Financial Forecasts
Newmarket Gold Inc (TSE:NMI) – Equities research analysts at National Bank Financial issued their Q3 2016 earnings per share (EPS) estimates for shares of Newmarket Gold in a research note issued to investors on Wednesday. National Bank Financial analyst A. Melnyk anticipates that the firm will post earnings of $0.09 per share for the quarter. National Bank Financial also issued estimates for Newmarket Gold’s FY2017 earnings at $0.43 EPS.
Several other equities analysts also recently commented on the stock. BMO Capital Markets reaffirmed a “market perform” rating and set a C$4.50 price objective on shares of Newmarket Gold in a research note on Friday. Raymond James Financial Inc. downgraded shares of Newmarket Gold from an “outperform” rating to a “market perform” rating in a research note on Friday, September 30th. M Partners reissued a “buy” rating on shares of Newmarket Gold in a research note on Monday, July 18th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Newmarket Gold in a research note on Tuesday, July 12th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$4.63.
Newmarket Gold (TSE:NMI) opened at 3.60 on Friday. Newmarket Gold has a 52 week low of $1.27 and a 52 week high of $5.07. The stock’s market cap is $639.93 million. The stock has a 50 day moving average price of $4.24 and a 200-day moving average price of $3.77.
In other Newmarket Gold 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.
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