Shares of TMAC Resources Inc (TSE:TMR) have received a consensus rating of “Hold” from the six analysts that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$12.40.
A number of analysts have recently issued reports on the company. TD Securities lowered their price target on TMAC Resources from C$14.50 to C$13.50 and set a “speculative buy” rating on the stock in a research note on Monday, February 26th. Royal Bank of Canada lifted their price target on TMAC Resources from C$10.00 to C$12.00 and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. Desjardins lowered TMAC Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Finally, CIBC lowered their price target on TMAC Resources from C$12.00 to C$10.50 in a research note on Monday, November 13th.
Shares of TMAC Resources (TSE TMR) traded down C$0.16 during trading hours on Thursday, hitting C$8.42. The stock had a trading volume of 18,792 shares, compared to its average volume of 31,125. The firm has a market capitalization of $827.53 and a price-to-earnings ratio of -29.03. TMAC Resources has a 12-month low of C$6.90 and a 12-month high of C$17.19.
TMAC Resources Company Profile
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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