Equities Analysts Set Expectations for Newmarket Gold Inc’s FY2016 Earnings (NMI)
Newmarket Gold Inc (TSE:NMI) – Research analysts at National Bank Financial reduced their FY2016 earnings per share (EPS) estimates for Newmarket Gold in a report released on Wednesday. National Bank Financial analyst A. Melnyk now forecasts that the brokerage will post earnings per share of $0.33 for the year, down from their prior estimate of $0.54.
A number of other research analysts also recently weighed in on NMI. BMO Capital Markets restated a “market perform” rating and issued a C$4.50 price target on shares of Newmarket Gold in a research note on Friday. Raymond James Financial Inc. downgraded Newmarket Gold from an “outperform” rating to a “market perform” rating in a research note on Friday, September 30th. M Partners restated a “buy” rating on shares of Newmarket Gold in a research note on Monday, July 18th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Newmarket Gold in a research note on Tuesday, July 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Newmarket Gold presently has a consensus rating of “Buy” and an average price target of C$4.63.
Newmarket Gold (TSE:NMI) opened at 3.60 on Monday. The firm’s market capitalization is $639.93 million. The company has a 50 day moving average price of $4.23 and a 200-day moving average price of $3.80. Newmarket Gold has a 52 week low of $1.27 and a 52 week high of $5.07.
In other news, insider Robert James Joseph Dufour sold 25,000 shares of Newmarket Gold 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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