What’s Ahead for NEWMARKET GOLD INC After Today’s Huge Decline?

 What's Ahead for NEWMARKET GOLD INC After Today's Huge Decline?

The stock of NEWMARKET GOLD INC (TSE:NMI) is a huge mover today! About 71,221 shares traded hands. NEWMARKET GOLD INC (TSE:NMI) has risen 22.45% since April 25, 2016 and is uptrending. It has outperformed by 17.19% the S&P500.
The move comes after 6 months negative chart setup for the $642.24 million company. It was reported on Nov, 29 by Barchart.com. We have $3.20 PT which if reached, will make TSE:NMI worth $57.80 million 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 24.43% above today’s ($3.52) stock price. Newmarket Gold Inc has been the topic of 13 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The rating was initiated by LB Securities with “Buy” on Friday, August 21. On Monday, November 28 the stock rating was maintained by RBC Capital Markets with “Outperform”. Raymond James initiated the shares of NMI in a report on Wednesday, August 26 with “Outperform” rating. BMO Capital Markets maintained the stock with “Market Perform” rating in Friday, October 14 report. RBC Capital Markets initiated NEWMARKET GOLD INC (TSE:NMI) on Wednesday, September 30 with “Outperform” rating. RBC Capital Markets maintained NEWMARKET GOLD INC (TSE:NMI) on Tuesday, January 19 with “Outperform” rating. The rating was maintained by Cormark Securities on Saturday, August 22 with “Buy”.

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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