Newmarket Gold Inc (TSE:NMI)‘s stock had its “market perform” rating restated by analysts at BMO Capital Markets in a research note issued on Friday. They currently have a C$4.50 price objective on the stock. BMO Capital Markets’ target price suggests a potential upside of 25.00% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. Raymond James Financial Inc. increased their price target on shares of Newmarket Gold from C$4.00 to C$5.00 in a report on Monday, June 27th. M Partners reissued a “buy” rating on shares of Newmarket Gold in a report on Monday, July 18th. National Bank Financial increased their price target on shares of Newmarket Gold from C$5.00 to C$5.80 in a report on Wednesday, July 13th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Newmarket Gold in a research note on Tuesday, July 12th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$4.63.
Shares of Newmarket Gold (TSE:NMI) opened at 3.60 on Friday. The firm has a 50-day moving average of $4.23 and a 200 day moving average of $3.80. The company’s market capitalization is $639.93 million. Newmarket Gold has a 1-year low of $1.27 and a 1-year high of $5.07.
In other Newmarket Gold news, insider Robert James Joseph Dufour sold 25,000 shares of the stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of C$4.40, for a total transaction of C$110,000.00.
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