Newmarket Gold Inc (TSE:NMI)‘s stock had its “outperform” rating reiterated by investment analysts at Royal Bank Of Canada in a report released on Monday, StockTargetPrices.com reports.
Several other brokerages have also recently weighed in on NMI. Raymond James Financial Inc. cut Newmarket Gold from an “outperform” rating to a “market perform” rating in a research report on Friday, September 30th. BMO Capital Markets reiterated a “market perform” rating on shares of Newmarket Gold in a research report on Friday, September 30th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Newmarket Gold has an average rating of “Buy” and an average price target of C$4.72.
Newmarket Gold (TSE:NMI) traded up 4.82% on Monday, hitting $3.48. The stock had a trading volume of 165,037 shares. The company has a market cap of $620.83 million and a PE ratio of 57.05. The company has a 50-day moving average of $3.69 and a 200 day moving average of $3.93. Newmarket Gold has a 12 month low of $1.27 and a 12 month high of $5.07.
In other 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.