Newmarket Gold Inc (NMI) Rating Reiterated by Royal Bank Of Canada
Newmarket Gold Inc (TSE:NMI)‘s stock had its “outperform” rating reiterated by equities research analysts at Royal Bank Of Canada in a report released on Monday, StockTargetPrices.com reports.
A number of other equities analysts also recently issued reports on NMI. BMO Capital Markets reiterated a “market perform” rating on shares of Newmarket Gold in a research report on Friday, September 30th. Raymond James Financial Inc. cut Newmarket Gold from an “outperform” rating to a “market perform” rating in a report on Friday, September 30th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Newmarket Gold currently has an average rating of “Buy” and a consensus price target of C$4.72.
Newmarket Gold (TSE:NMI) opened at 3.60 on Monday. The company’s 50-day moving average price is $3.69 and its 200-day moving average price is $3.93. The stock has a market cap of $642.24 million and a PE ratio of 59.02. Newmarket Gold has a 12-month low of $1.27 and a 12-month high of $5.07.
In related news, insider Robert James Joseph Dufour sold 25,000 shares of the 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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