Will NEWMARKET GOLD INC Go Down Anytime Soon?

 Will NEWMARKET GOLD INC Go Down Anytime Soon?

The stock of NEWMARKET GOLD INC (TSE:NMI) is a huge mover today! About 128,552 shares traded hands. NEWMARKET GOLD INC (TSE:NMI) has risen 64.38% since March 11, 2016 and is uptrending. It has outperformed by 58.90% the S&P500.
The move comes after 8 months positive chart setup for the $640.19M company. It was reported on Oct, 18 by Barchart.com. We have $5.28 PT which if reached, will make TSE:NMI worth $281.68M more.

NEWMARKET GOLD INC (TSE:NMI) Ratings Coverage

Out of 3 analysts covering Newmarket Gold Inc (TSE:NMI), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $5 is the highest target while $1.70 is the lowest. The $3.38 average target is -7.90% below today’s ($3.67) stock price. Newmarket Gold Inc has been the topic of 11 analyst reports since August 21, 2015 according to StockzIntelligence Inc. As per Tuesday, January 19, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating given on Saturday, August 22 by Cormark Securities. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, September 30. The stock has “Outperform” rating given by Raymond James on Wednesday, August 26. The rating was initiated by LB Securities with “Buy” on Friday, August 21. On Friday, October 14 the stock rating was maintained by BMO Capital Markets with “Market Perform”.

More news for NEWMARKET GOLD INC (TSE:NMI) were recently published by: Fool.ca, which released: “What Kirkland Lake Gold Inc. Buying Newmarket Gold Inc. Means” on September 30, 2016. Business.Financialpost.com‘s article titled: “Kirkland Lake Gold to take over Newmarket Gold in all-stock deal worth $1 billion” and published on September 29, 2016 is yet another important article.

NMI Company Profile

Nuveen Municipal Income Fund, Inc. (the Fund) is a closed-end diversified management investment company. The Fund seeks to provide current income exempt from regular federal income tax by investing primarily in a diversified portfolio of municipal obligations issued by state and local government authorities, or certain United States territories. The Company’s investments also include zero coupon bonds and inverse floaters.

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