Newmarket Gold Inc (TSE:NMI) – Stock analysts at National Bank Financial cut their FY2016 earnings per share (EPS) estimates for shares of Newmarket Gold in a research report issued to clients and investors on Wednesday. National Bank Financial analyst A. Melnyk now forecasts that the brokerage will post earnings of $0.33 per share for the year, down from their previous forecast of $0.54.
Other analysts also recently issued research reports about the company. Raymond James Financial Inc. boosted their price objective on Newmarket Gold from C$4.00 to C$5.00 in a report on Monday, June 27th. M Partners reiterated a “buy” rating on shares of Newmarket Gold in a report on Monday, July 18th. BMO Capital Markets reiterated a “market perform” rating and issued a C$4.50 target price on shares of Newmarket Gold in a report on Friday. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Newmarket Gold in a report on Tuesday, July 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Newmarket Gold has a consensus rating of “Buy” and an average price target of C$4.63.
Newmarket Gold (TSE:NMI) opened at 3.60 on Monday. The firm’s 50-day moving average is $4.23 and its 200-day moving average is $3.80. Newmarket Gold has a 12 month low of $1.27 and a 12 month high of $5.07. The firm’s market capitalization is $639.93 million.
In related news, insider Robert James Joseph Dufour sold 25,000 shares of the business’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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