TMAC Resources Inc (TMR) Receives Average Recommendation of “Buy” from Brokerages

Shares of TMAC Resources Inc (TSE:TMR) have been given a consensus recommendation of “Buy” by the eight analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$8.07.

Several brokerages have recently weighed in on TMR. CIBC lowered their price target on shares of TMAC Resources from C$10.50 to C$8.50 in a research report on Wednesday, August 15th. National Bank Financial set a C$8.50 target price on shares of TMAC Resources and gave the company an “outperform” rating in a research report on Thursday, September 20th. TD Securities decreased their target price on shares of TMAC Resources from C$10.00 to C$8.50 and set a “speculative buy” rating for the company in a research report on Thursday, October 4th. Desjardins reissued a “buy” rating on shares of TMAC Resources in a research report on Wednesday, October 3rd. Finally, BMO Capital Markets decreased their target price on shares of TMAC Resources from C$8.00 to C$5.50 in a research report on Wednesday, August 15th.

In related news, insider Gilbert John Frederick Lawson sold 6,551 shares of the stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of C$4.69, for a total transaction of C$30,724.19.

Shares of TMR opened at C$5.54 on Friday. TMAC Resources has a fifty-two week low of C$3.95 and a fifty-two week high of C$11.50. The company has a debt-to-equity ratio of 24.95, a quick ratio of 0.23 and a current ratio of 0.95.

TMAC Resources (TSE:TMR) last announced its quarterly earnings results on Monday, August 13th. The company reported C($0.07) earnings per share for the quarter, missing the consensus estimate of C($0.02) by C($0.05). The firm had revenue of C$43.30 million for the quarter. As a group, analysts anticipate that TMAC Resources will post 0.54000001364621 EPS for the current fiscal year.

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: Dollar Cost Averaging

Analyst Recommendations for TMAC Resources (TSE:TMR)

Receive News & Ratings for TMAC Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TMAC Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply