Newmarket Gold Inc (NMI) Rating Reiterated by Royal Bank Of Canada
Newmarket Gold Inc (TSE:NMI)‘s stock had its “outperform” rating restated by research analysts at Royal Bank Of Canada in a report released on Monday.
Several other analysts also recently issued reports on NMI. BMO Capital Markets reissued a “market perform” rating on shares of Newmarket Gold in a research note on Friday, September 30th. Raymond James Financial Inc. downgraded Newmarket Gold from an “outperform” rating to a “market perform” rating in a research note on Friday, September 30th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$4.72.
Shares of Newmarket Gold (TSE:NMI) opened at 3.60 on Monday. Newmarket Gold has a 1-year low of $1.27 and a 1-year high of $5.07. The stock has a market cap of $642.24 million and a price-to-earnings ratio of 59.02. The stock’s 50 day moving average price is $3.69 and its 200-day moving average price is $3.93.
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In other Newmarket Gold 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 value of C$110,000.00.
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