Raymond James Financial Inc. lowered shares of Newmarket Gold Inc (TSE:NMI) from an outperform rating to a market perform rating in a research note released on Friday.

Several other research firms have also weighed in on NMI. M Partners reiterated a buy rating on shares of Newmarket Gold in a research note on Monday, July 18th. Royal Bank Of Canada reiterated an outperform rating on shares of Newmarket Gold in a research note on Tuesday, July 12th. Finally, National Bank Financial upped their price objective on Newmarket Gold from C$5.00 to C$5.80 in a research note on Wednesday, July 13th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Newmarket Gold currently has an average rating of Buy and an average target price of C$4.26.

Newmarket Gold (TSE:NMI) opened at 4.06 on Friday. The firm’s market capitalization is $721.70 million. Newmarket Gold has a 12 month low of $1.27 and a 12 month high of $5.07. The stock’s 50 day moving average price is $4.29 and its 200 day moving average price is $3.72.

In other news, insider Robert James Joseph Dufour sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of C$4.40, for a total value of C$110,000.00.

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