Could NEWMARKET GOLD INC Decline After Today’s Huge Increase?

 Could NEWMARKET GOLD INC Decline After Today's Huge Increase?

The stock of NEWMARKET GOLD INC (TSE:NMI) is a huge mover today! About 1.06 million shares traded hands. NEWMARKET GOLD INC (TSE:NMI) has risen 15.07% since April 8, 2016 and is uptrending. It has outperformed by 10.09% the S&P500.
The move comes after 5 months positive chart setup for the $598.09M company. It was reported on Nov, 14 by Barchart.com. We have $4.26 PT which if reached, will make TSE:NMI worth $125.60M 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. Newmarket Gold Inc has been the topic of 12 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, September 30. The firm has “Market Perform” rating given on Friday, October 14 by BMO Capital Markets. LB Securities initiated NEWMARKET GOLD INC (TSE:NMI) on Friday, August 21 with “Buy” rating. Cormark Securities maintained the shares of NMI in a report on Saturday, August 22 with “Buy” rating. The firm has “Outperform” rating given on Wednesday, August 26 by Raymond James. The firm earned “Outperform” rating on Tuesday, January 19 by RBC Capital Markets.

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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