TMAC Resources (TMR) to Release Quarterly Earnings on Thursday

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

TMAC Resources (TSE:TMR) last announced its earnings results on Monday, August 13th. The company reported C($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.02) by C($0.05). The business had revenue of C$43.30 million during the quarter. TMAC Resources had a negative net margin of 44.33% and a negative return on equity of 6.09%.

Shares of TMAC Resources stock opened at C$4.96 on Thursday. TMAC Resources has a 52-week low of C$3.95 and a 52-week high of C$11.50.

TMR has been the subject of a number of recent research reports. Royal Bank of Canada raised shares of TMAC Resources from a “sector perform” rating to an “outperform” rating and reduced their target price for the company from C$12.00 to C$10.00 in a research report on Monday, July 9th. Desjardins raised shares of TMAC Resources from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. CIBC reduced their target price on shares of TMAC Resources from C$10.50 to C$8.50 in a research report on Wednesday, August 15th. BMO Capital Markets reduced their target price on shares of TMAC Resources from C$8.00 to C$5.50 in a research report on Wednesday, August 15th. Finally, TD Securities reduced their target price on shares of TMAC Resources from C$12.50 to C$10.00 and set a “speculative buy” rating for the company in a research report on Wednesday, August 15th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of C$8.59.

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

About TMAC Resources

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.

See Also: Initial Public Offering (IPO)

Earnings History for TMAC Resources (TSE:TMR)

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