TMAC Resources (TMR) Receives “Outperform” Rating from National Bank Financial

National Bank Financial reiterated their outperform rating on shares of TMAC Resources (TSE:TMR) in a research note published on Thursday. They currently have a C$8.50 price objective on the stock. National Bank Financial also issued estimates for TMAC Resources’ FY2019 earnings at $0.46 EPS and FY2020 earnings at $0.83 EPS.

Several other equities research analysts have also recently commented on the stock. Royal Bank of Canada cut their price objective on shares of 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 cut their price objective on shares of 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. CIBC cut their price objective on shares of TMAC Resources from C$10.50 to C$8.50 in a research report on Wednesday, August 15th. Macquarie reaffirmed an outperform rating and issued a C$8.00 price objective on shares of TMAC Resources in a research report on Wednesday, September 19th. Finally, BMO Capital Markets cut their price objective on shares of TMAC Resources from C$8.00 to C$5.50 in a research report on Wednesday, August 15th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. TMAC Resources presently has a consensus rating of Buy and an average price target of C$8.59.

TMR opened at C$5.00 on Thursday. TMAC Resources has a 12 month low of C$3.95 and a 12 month high of C$11.50.

TMAC Resources (TSE:TMR) last posted its quarterly earnings data on Monday, August 13th. The company reported C($0.07) EPS for the quarter, missing the consensus estimate of C($0.02) by C($0.05). The company 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%.

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

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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