Brokerages Set TMAC Resources Inc (TMR) Price Target at $8.50
TMAC Resources Inc (TSE:TMR) has been assigned an average recommendation of “Buy” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$8.50.
Several research analysts recently weighed in on the company. National Bank Financial set a C$8.50 price target on TMAC Resources and gave the company an “outperform” rating in a research report on Thursday, September 20th. Macquarie reissued an “outperform” rating and set a C$8.00 price target on shares of TMAC Resources in a research report on Wednesday, September 19th. Royal Bank of Canada dropped their price target on TMAC Resources from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a research report on Monday, August 20th. TD Securities dropped their price target on TMAC Resources from C$12.50 to C$10.00 and set a “speculative buy” rating on the stock in a research report on Wednesday, August 15th. Finally, BMO Capital Markets dropped their price target on 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 company’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of C$4.69, for a total transaction of C$30,724.19.
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 analysts’ consensus estimates of C($0.02) by C($0.05). The company had revenue of C$43.30 million for the quarter. TMAC Resources had a negative return on equity of 6.09% and a negative net margin of 44.33%.
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.
Recommended Story: Fundamental Analysis and Individual Investors
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.