Several other equities analysts also recently issued reports on the company. Raymond James Financial Inc. downgraded Newmarket Gold from an outperform rating to a market perform rating in a research report on Friday. M Partners reiterated a buy rating on shares of Newmarket Gold in a research report on Monday, July 18th. National Bank Financial boosted their price objective on Newmarket Gold from C$5.00 to C$5.80 in a research report on Wednesday, July 13th. Finally, Royal Bank Of Canada reiterated an outperform rating on shares of Newmarket Gold in a research 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 stock. Newmarket Gold currently has a consensus rating of Buy and a consensus price target of C$4.26.
Shares of Newmarket Gold (TSE:NMI) opened at 4.71 on Friday. Newmarket Gold has a 12 month low of $1.27 and a 12 month high of $5.07. The stock’s market cap is $837.24 million. The stock has a 50 day moving average price of $4.28 and a 200-day moving average price of $3.67.
In other Newmarket Gold news, insider Eric S. Sprott sold 107,900 shares of the company’s stock in a transaction that occurred on 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 the company’s stock in a transaction that occurred on 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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