TMAC Resources Inc (TMR) Receives Average Rating of “Hold” from Analysts

Shares of TMAC Resources Inc (TSE:TMR) have received an average rating of “Hold” from the six brokerages that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation. The average twelve-month price objective among analysts that have covered the stock in the last year is C$11.60.

A number of equities research analysts have recently weighed in on the company. Scotiabank dropped their price objective on TMAC Resources from C$12.00 to C$10.00 and set a “sector perform” rating for the company in a research note on Friday, May 11th. TD Securities dropped their price objective on TMAC Resources from C$14.50 to C$13.50 and set a “speculative buy” rating for the company in a research note on Monday, February 26th.

TMR stock opened at C$6.20 on Friday. TMAC Resources has a 52-week low of C$5.19 and a 52-week high of C$15.94.

TMAC Resources (TSE:TMR) last issued its quarterly earnings data on Thursday, May 10th. The company reported C($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.05 by C($0.21). TMAC Resources had a negative net margin of 44.33% and a negative return on equity of 6.09%. The firm had revenue of C$33.00 million during the quarter.

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.

Analyst Recommendations for TMAC Resources (TSE:TMR)

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