Latest Stocks: TMAC Resources Inc to Post FY2020 Earnings of $2.30 Per Share, National Bank Financial Forecasts (TMR)

Latest Stocks: TMAC Resources Inc to Post FY2020 Earnings of $2.30 Per Share, National Bank Financial Forecasts (TMR)

A number of other analysts have also weighed in on the stock. Scotiabank raised their price objective on shares of TMAC Resources from C$19.00 to C$22.00 and gave the company an “outperform” rating in a research note on Monday, February 13th. TD Securities reduced their price objective on shares of TMAC Resources from C$20.00 to C$19.00 and set a “speculative buy” rating for the company in a research note on Tuesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. TMAC Resources presently has an average rating of “Buy” and an average target price of C$20.07. TMAC Resources (TSE:TMR) traded down 0.20% during midday trading on Wednesday, hitting $15.10. 25,784 shares of the stock traded hands. TMAC Resources has a 52 week low of $12.50 and a 52 week high of $20.18. The stock’s 50-day moving average price is $15.34 and its 200-day moving average price is $16.01. The stock’s market capitalization is $1.27 billion.

TMAC Resources Inc (TSE:TMR) – Stock analysts at National Bank Financial raised their FY2020 earnings per share (EPS) estimates for TMAC Resources in a research report issued to clients and investors on Monday. National Bank Financial analyst R. Ray now expects that the company will post earnings per share of $2.30 for the year, up from their previous forecast of $2.17. National Bank Financial also issued estimates for TMAC Resources’ FY2021 earnings at $1.96 EPS.

About TMAC Resources 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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