A Reversal for NEWMARKET GOLD INC Is Not Near. The Stock Declines Again

 A Reversal for NEWMARKET GOLD INC Is Not Near. The Stock Declines Again

The stock of NEWMARKET GOLD INC (TSE:NMI) is a huge mover today! About 294,801 shares traded hands. NEWMARKET GOLD INC (TSE:NMI) has risen 85.78% since April 1, 2016 and is uptrending. It has outperformed by 83.82% the S&P500.
The move comes after 8 months negative chart setup for the $720.91M company. It was reported on Nov, 7 by Barchart.com. We have $3.68 PT which if reached, will make TSE:NMI worth $50.46M less.

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. $6 is the highest target while $1.70 is the lowest. The $4.38 average target is 10.61% above today’s ($3.96) stock price. Newmarket Gold Inc has been the topic of 12 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Wednesday, September 30 by RBC Capital Markets. The firm has “Buy” rating by Cormark Securities given on Saturday, August 22. The stock of NEWMARKET GOLD INC (TSE:NMI) has “Buy” rating given on Friday, August 21 by LB Securities. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, January 19. On Friday, October 14 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The firm has “Outperform” rating given on Wednesday, August 26 by Raymond James.

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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