TMAC Resources (TMR) Downgraded by Desjardins to “Hold”
Desjardins downgraded shares of TMAC Resources (TSE:TMR) from a buy rating to a hold rating in a research note released on Tuesday. Desjardins also issued estimates for TMAC Resources’ FY2018 earnings at $0.51 EPS.
A number of other equities research analysts have also commented on TMR. BMO Capital Markets dropped their price target on TMAC Resources from C$17.00 to C$13.00 in a research report on Monday, October 2nd. TD Securities dropped their price target on TMAC Resources from C$17.50 to C$15.00 and set a speculative buy rating on the stock in a research report on Tuesday, October 17th. Royal Bank of Canada dropped their price target on TMAC Resources from C$13.00 to C$11.00 and set a sector perform rating on the stock in a research report on Monday, November 13th. Finally, CIBC dropped their price target on TMAC Resources from C$12.00 to C$10.50 in a research report on Monday, November 13th. Six analysts have rated the stock with a hold rating, TMAC Resources currently has an average rating of Hold and an average target price of C$12.29.
TMAC Resources (TSE TMR) traded up C$0.03 during midday trading on Tuesday, hitting C$10.58. The stock had a trading volume of 30,993 shares, compared to its average volume of 45,480. The firm has a market capitalization of $971.40 and a price-to-earnings ratio of -44.08. TMAC Resources has a 52 week low of C$6.90 and a 52 week high of C$19.00.
About TMAC Resources
TMAC Resources Inc acquires, explores for, evaluates, and develops 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. The company was incorporated in 2012 and is headquartered in Toronto, Canada.
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