TMAC Resources Inc (TMR) Given Average Recommendation of “Hold” by Analysts

Shares of TMAC Resources Inc (TSE:TMR) have been given an average recommendation of “Hold” by the six analysts that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$12.40.

TMR has been the topic of a number of recent analyst reports. Desjardins cut TMAC Resources from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Royal Bank of Canada raised their target price on TMAC Resources from C$10.00 to C$12.00 and gave the stock a “sector perform” rating in a report on Monday, January 22nd. Finally, TD Securities reduced their target price on TMAC Resources from C$14.50 to C$13.50 and set a “speculative buy” rating on the stock in a report on Monday, February 26th.

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TMAC Resources stock traded up C$0.12 during mid-day trading on Monday, hitting C$7.91. The stock had a trading volume of 399,652 shares, compared to its average volume of 37,015. TMAC Resources has a 12 month low of C$6.90 and a 12 month high of C$17.19.

TMAC Resources (TSE:TMR) last issued its earnings results on Thursday, February 22nd. The company reported C($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.03) by C($0.11). TMAC Resources had a negative return on equity of 6.09% and a negative net margin of 44.33%. The company had revenue of C$28.20 million for the quarter.

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About TMAC Resources

TMAC Resources Inc acquires, explores for, evaluates, and develops mineral properties in Canada. The company primarily explores for gold deposits. Its principal asset is the Hope Bay Project covering an area of 1,101 square kilometers located in the Kitikmeot region of western Nunavut Territory. The company was incorporated in 2012 and is headquartered in Toronto, Canada.

Analyst Recommendations for TMAC Resources (TSE:TMR)

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