Analysts Offer Predictions for Newmarket Gold Inc’s FY2017 Earnings (NMI)
Newmarket Gold Inc (TSE:NMI) – Research analysts at M Partners lifted their FY2017 earnings estimates for shares of Newmarket Gold in a research report issued on Thursday. M Partners analyst S. Mcdougall now anticipates that the firm will earn $0.78 per share for the year, up from their previous estimate of $0.76. M Partners has a “Buy” rating on the stock.
A number of other analysts have also recently weighed in on NMI. Royal Bank Of Canada increased their price objective on Newmarket Gold from C$3.50 to C$5.50 and gave the stock an “outperform” rating in a research report on Thursday, May 26th. National Bank Financial reissued an “outperform market weight” rating on shares of Newmarket Gold in a report on Tuesday, May 24th. Finally, Raymond James Financial Inc. reissued an “outperform” rating and issued a C$4.00 price target on shares of Newmarket Gold in a report on Monday, May 30th. Six research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of C$4.26.
Newmarket Gold (TSE:NMI) traded up 12.61% during trading on Monday, reaching $5.00. The company’s stock had a trading volume of 2,582,763 shares. The company has a 50 day moving average price of $4.17 and a 200-day moving average price of $3.54. Newmarket Gold has a 52 week low of $1.27 and a 52 week high of $5.07. The company’s market capitalization is $888.79 million.
In other Newmarket Gold news, insider Eric S. Sprott sold 107,900 shares of the firm’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of C$3.95, for a total transaction of C$426,205.00. Also, insider Robert James Joseph Dufour sold 25,000 shares of the firm’s stock in a transaction 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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