Newmarket Gold Inc (TSE:NMI) Given Average Rating of “Buy” by Brokerages
Shares of Newmarket Gold Inc (TSE:NMI) have received an average recommendation of “Buy” from the nine research firms that are currently covering the firm. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$4.27.
A number of brokerages have recently issued reports on NMI. Raymond James Financial Inc. upped their target price on shares of Newmarket Gold from C$4.00 to C$5.00 in a research report on Monday, June 27th. M Partners restated a “buy” rating on shares of Newmarket Gold in a report on Monday, July 18th. National Bank Financial increased their price objective on shares of Newmarket Gold from C$5.00 to C$5.80 in a report on Wednesday, July 13th. BMO Capital Markets restated a “market perform” rating on shares of Newmarket Gold in a report on Friday, September 30th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Newmarket Gold in a report on Tuesday, July 12th.
In other Newmarket Gold news, insider Robert James Joseph Dufour sold 25,000 shares of the company’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 value of C$110,000.00.
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Newmarket Gold (TSE:NMI) traded down 0.79% during trading on Friday, reaching $3.79. 854,033 shares of the company’s stock traded hands. Newmarket Gold has a 12 month low of $1.27 and a 12 month high of $5.07. The firm’s 50 day moving average is $4.28 and its 200 day moving average is $3.72. The company’s market cap is $673.70 million.
Newmarket Gold Company Profile
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