TMAC Resources (TSE:TMR) Price Target Increased to C$6.00 by Analysts at CIBC

TMAC Resources (TSE:TMR) had its target price upped by stock analysts at CIBC from C$5.50 to C$6.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports.

TMR has been the subject of a number of other reports. National Bank Financial reduced their price objective on shares of TMAC Resources from C$8.50 to C$7.75 and set an “outperform” rating for the company in a research note on Thursday, April 18th. Royal Bank of Canada reduced their price objective on shares of TMAC Resources from C$8.00 to C$7.00 and set an “outperform” rating for the company in a research note on Wednesday, February 27th. Canaccord Genuity reduced their price objective on shares of TMAC Resources from C$8.00 to C$7.50 in a research note on Tuesday, April 23rd. Finally, BMO Capital Markets raised shares of TMAC Resources from a “market perform” rating to an “outperform” rating and set a C$7.00 price objective for the company in a research note on Friday, May 3rd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of C$7.39.

TSE TMR traded up C$0.17 on Friday, reaching C$6.00. The company’s stock had a trading volume of 117,997 shares, compared to its average volume of 84,621. The company has a current ratio of 1.52, a quick ratio of 0.32 and a debt-to-equity ratio of 16.74. TMAC Resources has a twelve month low of C$3.57 and a twelve month high of C$7.52. The company has a market capitalization of $658.45 million and a price-to-earnings ratio of -30.10.

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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Analyst Recommendations for TMAC Resources (TSE:TMR)

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