TD Securities Lowers TMAC Resources (TMR) Price Target to C$12.50

TMAC Resources (TSE:TMR) had its target price decreased by TD Securities from C$13.50 to C$12.50 in a research note published on Monday, May 14th. TD Securities currently has a speculative buy rating on the stock.

Several other analysts also recently weighed in on TMR. Desjardins downgraded shares of TMAC Resources from a buy rating to a hold rating in a research note on Tuesday, January 16th. Royal Bank of Canada lifted their price objective on shares of TMAC Resources from C$10.00 to C$12.00 and gave the company a sector perform rating in a report on Monday, January 22nd. Finally, Scotiabank cut their price objective on shares of TMAC Resources from C$12.00 to C$10.00 and set a sector perform rating on the stock in a report on Friday, May 11th. Six investment analysts have rated the stock with a hold rating, TMAC Resources has a consensus rating of Hold and a consensus price target of C$11.71.

Shares of TMAC Resources stock traded down C$0.07 during trading on Monday, reaching C$5.53. 748,982 shares of the stock traded hands, compared to its average volume of 47,912. TMAC Resources has a 52-week low of C$5.19 and a 52-week high of C$16.90.

TMAC Resources (TSE:TMR) last released its quarterly earnings results on Thursday, May 10th. The company reported C($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.05 by C($0.21). TMAC Resources had a negative return on equity of 6.09% and a negative net margin of 44.33%. The company had revenue of C$33.00 million during the quarter.

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.

Analyst Recommendations for TMAC Resources (TSE:TMR)

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