TMAC Resources (TSE:TMR) had its price target decreased by stock analysts at National Bank Financial from C$1.00 to C$0.90 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 52.54% from the company’s previous close.
Several other research analysts also recently commented on the company. Canaccord Genuity reduced their price objective on TMAC Resources from C$7.50 to C$5.75 in a report on Wednesday, January 15th. TD Securities downgraded TMAC Resources from a “speculative buy” rating to a “hold” rating and reduced their price objective for the stock from C$7.00 to C$1.00 in a report on Thursday, March 12th. Scotiabank reduced their price objective on TMAC Resources from C$7.00 to C$4.00 in a report on Monday, January 13th. Finally, Royal Bank of Canada reduced their price objective on TMAC Resources from C$5.00 to C$1.00 and set a “sector perform” rating on the stock in a report on Thursday, March 19th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. TMAC Resources presently has an average rating of “Hold” and a consensus target price of C$3.91.
TMR opened at C$0.59 on Wednesday. The stock’s fifty day moving average is C$1.55 and its two-hundred day moving average is C$3.18. The company has a market capitalization of $63.15 million and a P/E ratio of 23.60. TMAC Resources has a 52 week low of C$0.46 and a 52 week high of C$6.95. The company has a quick ratio of 0.90, a current ratio of 2.85 and a debt-to-equity ratio of 16.30.
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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