The stock of NEWMARKET GOLD INC (TSE:NMI) is a huge mover today! About 81,870 shares traded hands. NEWMARKET GOLD INC (TSE:NMI) has risen 28.10% since April 14, 2016 and is uptrending. It has outperformed by 23.67% the S&P500.
The move comes after 9 months negative chart setup for the $624.79M company. It was reported on Nov, 18 by Barchart.com. We have $3.24 PT which if reached, will make TSE:NMI worth $43.74M 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 25.86% above today’s ($3.48) stock price. Newmarket Gold Inc has been the topic of 12 analyst reports since August 21, 2015 according to StockzIntelligence Inc. On Saturday, August 22 the stock rating was maintained by Cormark Securities with “Buy”. The rating was initiated by Raymond James on Wednesday, August 26 with “Outperform”. The company was initiated on Friday, August 21 by LB Securities. The company was initiated on Wednesday, September 30 by RBC Capital Markets. BMO Capital Markets maintained the stock with “Market Perform” rating in Friday, October 14 report. The firm has “Outperform” rating given on Tuesday, January 19 by RBC Capital Markets.
More recent NEWMARKET GOLD INC (TSE:NMI) news were published by: Fool.ca which released: “What Kirkland Lake Gold Inc. Buying Newmarket Gold Inc. Means” on September 30, 2016. Also Reuters.com published the news titled: “Kirkland Lake urges shareholders to vote for Newmarket acquisition” on November 18, 2016. Business.Financialpost.com‘s news article titled: “Kirkland Lake Gold to take over Newmarket Gold in all-stock deal worth $1 billion” with publication date: September 29, 2016 was also an interesting one.
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