Newmarket Gold Inc (TSE:NMI) had its price objective increased by Raymond James from C$4.00 to C$5.00 in a research note issued to investors on Monday. Raymond James’ price target would suggest a potential upside of 29.20% from the stock’s previous close.
Shares of Newmarket Gold (TSE:NMI) traded down 4.13% during mid-day trading on Monday, reaching $3.71. The company’s stock had a trading volume of 505,364 shares. The company’s market capitalization is $651.43 million. The firm’s 50 day moving average price is $3.69 and its 200-day moving average price is $2.45. Newmarket Gold has a 1-year low of $0.80 and a 1-year high of $4.10.
Several other brokerages have also weighed in on NMI. RBC Capital upped their target price on shares of Newmarket Gold from C$3.50 to C$5.50 and gave the stock an “outperform” rating in a research report on Thursday, May 26th.