Newmarket Gold Inc (TSE:NMI)‘s stock had its “market perform” rating reaffirmed by equities research analysts at BMO Capital Markets in a research report issued to clients and investors on Friday.
A number of other brokerages have also recently issued reports on NMI. Raymond James Financial Inc. cut shares of Newmarket Gold from an “outperform” rating to a “market perform” rating in a report on Friday. M Partners reiterated a “buy” rating on shares of Newmarket Gold in a report on Monday, July 18th. Royal Bank Of Canada restated an “outperform” rating on shares of Newmarket Gold in a report on Tuesday, July 12th. Finally, National Bank Financial boosted their price target on shares of Newmarket Gold from C$5.00 to C$5.80 in a report on Wednesday, July 13th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$4.26.
Newmarket Gold (TSE:NMI) opened at 4.62 on Friday. 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 $4.29 and its 200-day moving average is $3.71. The firm’s market cap is $821.24 million.
In other Newmarket Gold news, insider Eric S. Sprott sold 107,900 shares of Newmarket Gold stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of C$3.95, for a total value of C$426,205.00. Also, insider Robert James Joseph Dufour sold 25,000 shares of Newmarket Gold stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of C$4.40, for a total transaction of C$110,000.00.
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