TMAC Resources (TMR) to Release Quarterly Earnings on Thursday

TMAC Resources (TSE:TMR) is scheduled to issue its quarterly earnings data after the market closes on Thursday, August 1st. Analysts expect the company to announce earnings of C$0.03 per share for the quarter.

TMR stock opened at C$6.22 on Wednesday. TMAC Resources has a twelve month low of C$3.57 and a twelve month high of C$7.35. The company has a current ratio of 1.52, a quick ratio of 0.32 and a debt-to-equity ratio of 16.74. The stock has a market cap of $748.81 million and a PE ratio of -30.95. The company’s 50-day moving average is C$6.26.

TMR has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an “underperform” rating and issued a GBX 215 ($2.81) price target on shares of in a report on Wednesday, June 26th. BMO Capital Markets set a $66.00 price target on CyrusOne and gave the stock a “buy” rating in a report on Friday, May 3rd. National Bank Financial boosted their price target on Yamana Gold from C$4.25 to C$4.50 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Canaccord Genuity cut ProMetic Life Sciences to a “hold” rating in a report on Tuesday, April 23rd. Finally, CIBC reissued a “hold” rating on shares of Sandstorm Gold in a report on Monday, July 15th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. TMAC Resources currently has an average rating of “Buy” and a consensus target price of C$7.79.

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: How does equity income fit into an investing strategy?

Earnings History 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.