BMO Capital Markets Reaffirms Market Perform Rating for Newmarket Gold Inc (NMI)

BMO Capital Markets reiterated their market perform rating on shares of Newmarket Gold Inc (TSE:NMI) in a research note published on Friday morning. They currently have a C$4.50 target price on the stock.

A number of other equities research analysts have also recently weighed in on NMI. Raymond James Financial Inc. upped their price objective on Newmarket Gold from C$4.00 to C$5.00 in a research note on Monday, June 27th. Royal Bank Of Canada reiterated an outperform rating on shares of Newmarket Gold in a research note on Tuesday, July 12th. National Bank Financial increased their price target on Newmarket Gold from C$5.00 to C$5.80 in a research note on Wednesday, July 13th. Finally, M Partners reiterated 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 issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of C$4.63.

Newmarket Gold (TSE:NMI) opened at 3.66 on Friday. The stock’s market capitalization is $650.59 million. Newmarket Gold has a 52-week low of $1.27 and a 52-week high of $5.07. The stock’s 50 day moving average price is $4.21 and its 200-day moving average price is $3.81.

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