What’s Next for NEWMARKET GOLD INC After Today’s Huge Increase?

 What's Next for NEWMARKET GOLD INC After Today's Huge Increase?

The stock of NEWMARKET GOLD INC (TSE:NMI) is a huge mover today! About 813,536 shares traded hands. NEWMARKET GOLD INC (TSE:NMI) has risen 55.65% since March 24, 2016 and is uptrending. It has outperformed by 52.17% the S&P500.
The move comes after 7 months positive chart setup for the $687.09M company. It was reported on Oct, 31 by Barchart.com. We have $6.20 PT which if reached, will make TSE:NMI worth $343.55 million more.


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 -18.16% below today’s ($4.13) stock price. Newmarket Gold Inc has been the topic of 11 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The stock of NEWMARKET GOLD INC (TSE:NMI) has “Outperform” rating given on Wednesday, August 26 by Raymond James. The firm earned “Buy” rating on Friday, August 21 by LB Securities. The stock of NEWMARKET GOLD INC (TSE:NMI) earned “Market Perform” rating by BMO Capital Markets on Friday, October 14. RBC Capital Markets initiated NEWMARKET GOLD INC (TSE:NMI) on Wednesday, September 30 with “Outperform” rating. RBC Capital Markets maintained the shares of NMI in a report on Tuesday, January 19 with “Outperform” rating. The firm has “Buy” rating given on Saturday, August 22 by Cormark Securities.

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.

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