TMAC Resources Expected to Post Q1 2018 Earnings of $0.05 Per Share (TMR)

TMAC Resources (TSE:TMR) – Research analysts at Desjardins cut their Q1 2018 EPS estimates for TMAC Resources in a note issued to investors on Tuesday, April 17th. Desjardins analyst R. Ray now forecasts that the company will post earnings per share of $0.05 for the quarter, down from their previous forecast of $0.09. Desjardins currently has a “Hold” rating on the stock.

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

A number of other equities analysts also recently commented on the stock. TD Securities dropped their target price on shares of TMAC Resources from C$14.50 to C$13.50 and set a “speculative buy” rating on the stock in a research note on Monday, February 26th. Royal Bank of Canada upped their target price on shares of TMAC Resources from C$10.00 to C$12.00 and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. Six equities research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus target price of C$12.38.

Shares of TMR stock opened at C$8.00 on Thursday. TMAC Resources has a one year low of C$6.90 and a one year high of C$16.90.

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TMAC Resources Company Profile

TMAC Resources Inc engages in exploring, evaluating, developing, and mining 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.

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