Newmarket Gold Inc (NMI) to Post Q3 2016 Earnings of $0.09 Per Share, National Bank Financial Forecasts
Newmarket Gold Inc (TSE:NMI) – Stock analysts at National Bank Financial issued their Q3 2016 EPS estimates for shares of Newmarket Gold in a report issued on Wednesday. National Bank Financial analyst A. Melnyk anticipates that the firm will post earnings per share of $0.09 for the quarter. National Bank Financial also issued estimates for Newmarket Gold’s FY2017 earnings at $0.43 EPS.
NMI has been the topic of several other reports. Raymond James Financial Inc. lifted their price objective on shares of Newmarket Gold from C$4.00 to C$5.00 in a report on Monday, June 27th. BMO Capital Markets restated a “market perform” rating on shares of Newmarket Gold in a research note on Friday, September 30th. Royal Bank Of Canada restated an “outperform” rating on shares of Newmarket Gold in a research note on Tuesday, July 12th. Finally, M Partners restated a “buy” rating on shares of Newmarket Gold in a research note on Monday, July 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$4.26.
Shares of Newmarket Gold (TSE:NMI) traded up 0.55% during midday trading on Friday, reaching $3.67. 322,767 shares of the company’s stock were exchanged. Newmarket Gold has a one year low of $1.27 and a one year high of $5.07. The firm’s market cap is $652.37 million. The stock’s 50-day moving average is $4.25 and its 200 day moving average is $3.76.
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In other news, insider Robert James Joseph Dufour sold 25,000 shares of Newmarket Gold 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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