TMAC Resources (TMR) Hits New 1-Year Low at $5.42
TMAC Resources Inc (TSE:TMR)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as C$5.42 and last traded at C$5.43, with a volume of 36099 shares. The stock had previously closed at C$5.58.
A number of equities analysts recently commented on the company. Scotiabank decreased their target price on 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. TD Securities decreased their target price on TMAC Resources from C$14.50 to C$13.50 and set a “speculative buy” rating on the stock in a report on Monday, February 26th. Six equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus price target of C$11.71.
TMAC Resources (TSE:TMR) last posted its quarterly earnings results on Thursday, May 10th. The company reported C($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of C$0.05 by C($0.21). The business had revenue of C$33.00 million for the quarter. TMAC Resources had a negative net margin of 44.33% and a negative return on equity of 6.09%.
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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