Equities Analysts Issue Forecasts for TMAC Resources Inc’s FY2018 Earnings (TMR)

TMAC Resources Inc (TSE:TMR) – Investment analysts at Desjardins issued their FY2018 earnings per share estimates for shares of TMAC Resources in a research note issued to investors on Wednesday, October 3rd. Desjardins analyst R. Ray expects that the company will earn ($0.12) per share for the year. Desjardins currently has a “Buy” rating on the stock. Desjardins also issued estimates for TMAC Resources’ FY2019 earnings at $1.00 EPS and FY2020 earnings at $1.29 EPS.

TMAC Resources (TSE:TMR) last announced its earnings results on Monday, August 13th. The company reported C($0.07) earnings per share for the quarter, missing the consensus estimate of C($0.02) by C($0.05). TMAC Resources had a negative net margin of 44.33% and a negative return on equity of 6.09%. The firm had revenue of C$43.30 million during the quarter.

TMR has been the subject of several other research reports. CIBC cut their target price on shares of TMAC Resources from C$10.50 to C$8.50 in a research note on Wednesday, August 15th. National Bank Financial set a C$8.50 target price on shares of TMAC Resources and gave the company an “outperform” rating in a research note on Thursday, September 20th. TD Securities cut their target price on shares of TMAC Resources from C$10.00 to C$8.50 and set a “speculative buy” rating for the company in a research note on Thursday, October 4th. Royal Bank of Canada raised shares of TMAC Resources from a “sector perform” rating to an “outperform” rating and dropped their price objective for the company from C$12.00 to C$10.00 in a research note on Monday, July 9th. Finally, BMO Capital Markets dropped their price objective on shares of TMAC Resources from C$8.00 to C$5.50 in a research note on Wednesday, August 15th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of C$8.59.

Shares of TMR stock opened at C$5.00 on Monday. TMAC Resources has a twelve month low of C$3.95 and a twelve month high of C$11.50.

In other news, insider Gilbert John Frederick Lawson sold 6,551 shares of the company’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of C$4.69, for a total transaction of C$30,724.19.

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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Earnings History and Estimates for TMAC Resources (TSE:TMR)

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