TMR has been the subject of several other research reports. National Bank Financial restated an outperform rating and set a C$17.85 price target on shares of TMAC Resources in a research report on Wednesday, July 20th. GMP Securities reiterated a buy rating on shares of TMAC Resources in a research report on Tuesday, August 9th. Scotiabank increased their target price on shares of TMAC Resources from C$13.50 to C$16.50 and gave the stock an outperform rating in a research report on Monday, June 13th. Finally, TD Securities increased their target price on shares of TMAC Resources from C$16.50 to C$20.00 and gave the stock a speculative buy rating in a research report on Thursday, July 21st. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. TMAC Resources presently has an average rating of Buy and an average target price of C$18.47.
Shares of TMAC Resources (TSE:TMR) traded up 0.81% during mid-day trading on Thursday, hitting $18.78. 7,325 shares of the company traded hands. TMAC Resources has a one year low of $5.43 and a one year high of $19.97. The firm has a 50-day moving average of $17.46 and a 200-day moving average of $14.03. The stock’s market capitalization is $1.56 billion.
TMAC Resources Company Profile
TMAC Resources, Inc is a Canada-based mineral exploration and development company. The Company is involved in the exploration, evaluation and development of the Hope Bay mineral property in the Kitikmeot Region of Nunavut, Canada (Hope Bay Project). Approximately 1,100 square kilometer Hope Bay Project gold deposit has approximately 4.5 million ounces of gold at an average grade of approximately 9.2 grams per ton gold (g/t Au), Inferred Mineral Resources totaling approximately 1.4 million ounces of gold at an average grade of 7.4 g/t Au and proven and probable mineral reserves totaling approximately 3.5 million ounces of gold at an average grade of 7.7 g/t Au.
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