TMAC Resources Inc (TMR) Receives C$7.93 Consensus Target Price from Analysts

Shares of TMAC Resources Inc (TSE:TMR) have been assigned an average rating of “Buy” from the eight ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$7.93.

Several research firms have recently issued reports on TMR. BMO Capital Markets decreased their price objective on TMAC Resources from C$8.00 to C$5.50 in a report on Wednesday, August 15th. Desjardins restated a “buy” rating on shares of TMAC Resources in a report on Wednesday, October 3rd. Macquarie restated an “outperform” rating and set a C$8.00 price objective on shares of TMAC Resources in a report on Wednesday, September 19th. CIBC decreased their price objective on TMAC Resources from C$10.50 to C$8.50 in a report on Wednesday, August 15th. Finally, National Bank Financial set a C$8.50 price objective on TMAC Resources and gave the stock an “outperform” rating in a report on Thursday, September 20th.

TMR stock opened at C$6.29 on Wednesday. TMAC Resources has a 52-week low of C$3.95 and a 52-week high of C$11.50. The company has a debt-to-equity ratio of 24.61, a quick ratio of 0.11 and a current ratio of 0.84.

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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