TMAC Resources (TMR) Set to Announce Quarterly Earnings on Thursday

TMAC Resources (TSE:TMR) is set to release its earnings data after the market closes on Thursday, November 8th. Analysts expect TMAC Resources to post earnings of C($0.04) per share for the quarter.

TMAC Resources (TSE:TMR) last released its quarterly earnings data on Monday, August 13th. The company reported C($0.07) EPS for the quarter, missing the consensus estimate of C($0.02) by C($0.05). The company had revenue of C$43.30 million for the quarter.

TMAC Resources stock opened at C$5.36 on Wednesday. TMAC Resources has a 52 week low of C$3.95 and a 52 week high of C$11.50.

Several research firms recently commented on TMR. Desjardins upgraded shares of TMAC Resources from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. BMO Capital Markets decreased their price objective on shares of TMAC Resources from C$8.00 to C$5.50 in a research report on Wednesday, August 15th. Macquarie reiterated an “outperform” rating and issued a C$8.00 price objective on shares of TMAC Resources in a research report on Wednesday, September 19th. CIBC reduced their target price on shares of TMAC Resources from C$10.50 to C$8.50 in a report on Wednesday, August 15th. Finally, National Bank Financial set a C$8.50 target price on shares of TMAC Resources and gave the company an “outperform” rating in a report on Thursday, September 20th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$8.59.

In other TMAC Resources news, insider Gilbert John Frederick Lawson sold 6,551 shares of the company’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of C$4.69, for a total value of C$30,724.19.

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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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Earnings History for TMAC Resources (TSE:TMR)

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