FY2018 EPS Estimates for TMAC Resources Inc Raised by Desjardins (TMR)

TMAC Resources Inc (TSE:TMR) – Desjardins increased their FY2018 earnings estimates for shares of TMAC Resources in a report released on Tuesday, January 8th. Desjardins analyst R. Ray now anticipates that the company will post earnings of ($0.33) per share for the year, up from their previous estimate of ($0.40). Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for TMAC Resources’ Q4 2018 earnings at ($0.02) EPS, FY2019 earnings at $0.56 EPS and FY2020 earnings at $0.93 EPS.

A number of other research firms also recently weighed in on TMR. National Bank Financial restated an “outperform” rating and issued a C$8.50 target price on shares of TMAC Resources in a research report on Thursday, October 4th. CIBC cut their target price on TMAC Resources from C$8.50 to C$7.00 in a research report on Thursday, October 4th. TD Securities cut their target price on TMAC Resources from C$10.00 to C$8.50 and set a “speculative buy” rating for the company in a research report on Thursday, October 4th. Macquarie restated an “outperform” rating and issued a C$8.00 target price on shares of TMAC Resources in a research report on Wednesday, September 19th. Finally, Royal Bank of Canada upped their target price on TMAC Resources from C$7.50 to C$8.00 in a research report on Thursday, December 13th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$7.79.

Shares of TMR stock opened at C$5.62 on Thursday. TMAC Resources has a 12-month low of C$3.95 and a 12-month high of C$11.50. The company has a debt-to-equity ratio of 24.61, a current ratio of 0.84 and a quick ratio of 0.11.

TMAC Resources (TSE:TMR) last issued its quarterly earnings data on Thursday, November 8th. The company reported C($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.05) by C$0.01. The business had revenue of C$50.30 million during the quarter.

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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