Newmarket Gold Inc to Post Q3 2016 Earnings of $0.09 Per Share, National Bank Financial Forecasts (NMI)

Newmarket Gold Inc (TSE:NMI) – National Bank Financial issued their Q3 2016 EPS estimates for Newmarket Gold in a research report issued on Wednesday. National Bank Financial analyst A. Melnyk anticipates that the firm will earn $0.09 per share for the quarter. National Bank Financial also issued estimates for Newmarket Gold’s FY2017 earnings at $0.43 EPS.

Several other equities research analysts have also recently weighed in on the stock. BMO Capital Markets reissued a “market perform” rating and set a C$4.50 price target on shares of Newmarket Gold in a research report on Friday. Raymond James Financial Inc. cut shares of Newmarket Gold from an “outperform” rating to a “market perform” rating in a research report on Friday, September 30th. M Partners reissued a “buy” rating on shares of Newmarket Gold in a research report on Monday, July 18th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Newmarket Gold in a report on Tuesday, July 12th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company 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 Friday. The firm’s market capitalization is $639.93 million. The stock’s 50 day moving average is $4.24 and its 200-day moving average is $3.77. Newmarket Gold has a one year low of $1.27 and a one year high of $5.07.

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