Newmarket Gold Inc (TSE:NMI) – Equities researchers at Raymond James Financial boosted their FY2017 earnings per share estimates for Newmarket Gold in a research report issued on Friday. Raymond James Financial analyst C. Thompson now forecasts that the firm will earn $1.02 per share for the year, up from their prior estimate of $0.99.
A number of other equities analysts have also issued reports on NMI. M Partners restated a “buy” rating on shares of Newmarket Gold in a research note on Monday, July 18th. Royal Bank Of Canada restated an “outperform” rating on shares of Newmarket Gold in a research note on Tuesday, July 12th. Finally, National Bank Financial raised their target price on Newmarket Gold from C$5.00 to C$5.80 in a research note on Wednesday, July 13th. Six research analysts have rated the stock with a buy rating, Newmarket Gold has a consensus rating of “Buy” and an average target price of C$4.26.
Newmarket Gold (TSE:NMI) traded down 4.52% during mid-day trading on Monday, hitting $4.65. The stock had a trading volume of 422,677 shares. The firm’s market cap is $826.57 million. The company’s 50 day moving average price is $4.22 and its 200 day moving average price is $3.61. Newmarket Gold has a 52 week low of $1.27 and a 52 week high of $5.07.
In related news, insider Eric S. Sprott sold 107,900 shares of Newmarket Gold stock in a transaction dated Wednesday, July 6th. The stock was 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 shares were sold at an average price of C$4.40, for a total value of C$110,000.00.
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