TMAC Resources Inc (TMR) Stock Rating Lowered by BMO Capital Markets
TMAC Resources Inc (TSE:TMR) was downgraded by equities researchers at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report released on Thursday.
Several other equities analysts have also recently commented on TMR. National Bank Financial lowered their target price on shares of TMAC Resources from C$13.50 to C$8.65 and set a “sector perform” rating on the stock in a research note on Monday, June 13th. Scotiabank lifted their price objective on shares of TMAC Resources from C$13.50 to C$16.50 and gave the stock an “outperform” rating in a research note on Monday, June 13th. TD Securities lifted their price objective on shares of TMAC Resources from C$16.50 to C$20.00 and gave the stock a “speculative buy” rating in a research note on Thursday, July 21st. Finally, GMP Securities reaffirmed a “buy” rating on shares of TMAC Resources in a research note on Tuesday, August 9th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. TMAC Resources presently has a consensus rating of “Buy” and an average target price of C$18.47.
TMAC Resources (TSE:TMR) opened at 18.56 on Thursday. The firm’s market cap is $1.54 billion. TMAC Resources has a 12 month low of $5.43 and a 12 month high of $19.97. The company’s 50-day moving average is $17.50 and its 200 day moving average is $14.10.
TMAC Resources Company Profile
TMAC Resources, Inc is a Canada-based mineral exploration and development company. The Company is involved in the exploration, evaluation and development of the Hope Bay mineral property in the Kitikmeot Region of Nunavut, Canada (Hope Bay Project). Approximately 1,100 square kilometer Hope Bay Project gold deposit has approximately 4.5 million ounces of gold at an average grade of approximately 9.2 grams per ton gold (g/t Au), Inferred Mineral Resources totaling approximately 1.4 million ounces of gold at an average grade of 7.4 g/t Au and proven and probable mineral reserves totaling approximately 3.5 million ounces of gold at an average grade of 7.7 g/t Au.
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