National Bank Financial Comments on TMAC Resources Inc’s FY2020 Earnings (TMR)

TMAC Resources Inc (TSE:TMR) – Investment analysts at National Bank Financial raised their FY2020 EPS estimates for shares of TMAC Resources in a research report issued to clients and investors on Tuesday, February 19th. National Bank Financial analyst D. Demarco now forecasts that the company will earn $1.19 per share for the year, up from their prior forecast of $0.86. National Bank Financial currently has a “Outperform” rating and a $7.50 target price on the stock.

Other equities research analysts also recently issued research reports about the company. Canaccord Genuity restated a “speculative buy” rating and set a C$8.50 target price on shares of TMAC Resources in a research report on Thursday, January 17th. Royal Bank of Canada increased their target price on TMAC Resources from C$7.50 to C$8.00 in a research report on Thursday, December 13th. Finally, CIBC lowered their price objective on TMAC Resources from C$7.00 to C$6.50 and set an “average” rating on the stock in a research report on Monday, January 21st. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. TMAC Resources currently has a consensus rating of “Buy” and an average price target of C$7.81.

TSE:TMR opened at C$5.87 on Friday. The firm has a market cap of $701.58 million and a price-to-earnings ratio of -12.99. TMAC Resources has a 1 year low of C$3.95 and a 1 year high of C$9.73. The company has a current ratio of 0.84, a quick ratio of 0.11 and a debt-to-equity ratio of 24.61.

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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