Newmarket Gold Inc (TSE:NMI) – Equities research analysts at National Bank Financial cut their FY2016 EPS estimates for shares of Newmarket Gold in a research report issued to clients and investors on Wednesday. National Bank Financial analyst A. Melnyk now expects that the brokerage will post earnings of $0.33 per share for the year, down from their previous estimate of $0.54.

NMI has been the subject of several other research reports. Raymond James Financial Inc. lowered shares of Newmarket Gold from an “outperform” rating to a “market perform” rating in a research note on Friday, September 30th. BMO Capital Markets reiterated a “market perform” rating on shares of Newmarket Gold in a research note on Friday, September 30th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Newmarket Gold in a research note on Tuesday, July 12th. Finally, M Partners reiterated a “buy” rating on shares of Newmarket Gold in a research note on Monday, July 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Newmarket Gold currently has a consensus rating of “Buy” and a consensus target price of C$4.63.

Earnings History and Estimates for Newmarket Gold (TSE:NMI)

Newmarket Gold (TSE:NMI) opened at 3.60 on Monday. The firm has a 50-day moving average of $4.24 and a 200 day moving average of $3.77. Newmarket Gold has a 52-week low of $1.27 and a 52-week high of $5.07. The company’s market capitalization is $639.93 million.

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In other news, insider Robert James Joseph Dufour sold 25,000 shares of the company’s stock in a transaction 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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