Newmarket Gold’s (NMI) Market Perform Rating Reaffirmed at BMO Capital Markets
BMO Capital Markets reissued their market perform rating on shares of Newmarket Gold Inc (TSE:NMI) in a research report released on Friday. BMO Capital Markets currently has a C$4.50 price target on the stock.
Several other research firms have also issued reports on NMI. Raymond James Financial Inc. lowered shares of Newmarket Gold from an outperform rating to a market perform rating in a research report on Friday, September 30th. M Partners restated a buy rating on shares of Newmarket Gold in a research report on Monday, July 18th. Royal Bank Of Canada restated an outperform rating on shares of Newmarket Gold in a research report on Tuesday, July 12th. Finally, National Bank Financial lifted their price target on shares of 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 issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of C$4.63.
Newmarket Gold (TSE:NMI) remained flat at $3.60 on Friday. 165,780 shares of the stock were exchanged. Newmarket Gold has a 1-year low of $1.27 and a 1-year high of $5.07. The firm’s market cap is $639.93 million. The firm has a 50-day moving average price of $4.24 and a 200 day moving average price of $3.77.
In other news, insider Robert James Joseph Dufour sold 25,000 shares of the business’s stock in a transaction 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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