Newmarket Gold Inc Forecasted to Earn FY2016 Earnings of $0.33 Per Share (NMI)
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.
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.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/17/newmarket-gold-inc-forecasted-to-earn-fy2016-earnings-of-0-33-per-share-nmi.html
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.
Receive News & Ratings for Newmarket Gold Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmarket Gold Inc and related companies with MarketBeat.com's FREE daily email newsletter.