Noteworthy Rating Filing: Newmarket Gold Inc (TSE:NMI) Outperform Rating Maintained at RBC Capital Markets

November 28, 2016 - By Winifred Garcia

Newmarket Gold Inc (TSE:NMI) Rating

In a research note shared with investors on Monday, 28 November, RBC Capital Markets reiterated their Outperform rating on shares of Newmarket Gold Inc (TSE:NMI).

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 21.67% above today’s ($3.6) stock price. Newmarket Gold Inc has been the topic of 12 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, January 19. BMO Capital Markets maintained the stock with “Market Perform” rating in Friday, October 14 report. As per Saturday, August 22, the company rating was maintained by Cormark Securities. The rating was initiated by Raymond James with “Outperform” on Wednesday, August 26. The firm has “Buy” rating given on Friday, August 21 by LB Securities. RBC Capital Markets initiated the stock with “Outperform” rating in Wednesday, September 30 report.

About 631,657 shares traded hands. NEWMARKET GOLD INC (TSE:NMI) has risen 12.16% since April 22, 2016 and is uptrending. It has outperformed by 6.15% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 0.5 in 2016 Q2. Its down 0.39, from 0.89 in 2016Q1. The ratio dived, as 5 funds sold all NEWMARKET GOLD INC shares owned while 4 reduced positions. 0 funds bought stakes while 8 increased positions. They now own 269,302 shares or 31.51% less from 393,225 shares in 2016Q1.

Ladenburg Thalmann holds 390 shares or 0% of its portfolio. Lpl Limited Liability Co owns 26,807 shares or 0% of their US portfolio. Cambridge Inv Rech Advsr Incorporated owns 12,076 shares or 0% of their US portfolio. Morgan Stanley last reported 59,556 shares in the company. Creative Planning has 955 shares for 0% of their US portfolio. Sheets Smith Wealth Mngmt last reported 0.06% of its portfolio in the stock. Duncker Streett And Company has 667 shares for 0% of their US portfolio. Us Fincl Bank De last reported 7,400 shares in the company. Wells Fargo And Com Mn has 23,706 shares for 0% of their US portfolio. Atlantic Trust Group has 0% invested in the company for 37,000 shares. Royal Bancorp Of Canada holds 0% or 17,900 shares in its portfolio. The Florida-based Raymond James And has invested 0% in NEWMARKET GOLD INC (TSE:NMI). Ledyard Savings Bank holds 10,795 shares or 0.03% of its portfolio. Manufacturers Life Company The holds 4,857 shares or 0% of its portfolio. The North Carolina-based Bankshares Of America De has invested 0% in NEWMARKET GOLD INC (TSE:NMI).

NMI Company Profile

Nuveen Municipal Income Fund, Inc. (the Fund) is a closed-end diversified management investment company. The Fund seeks to provide current income exempt from regular federal income tax by investing primarily in a diversified portfolio of municipal obligations issued by state and local government authorities, or certain United States territories. The Company’s investments also include zero coupon bonds and inverse floaters.

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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