TMAC Resources (TMR) Set to Announce Quarterly Earnings on Thursday

TMAC Resources (TSE:TMR) will be announcing its earnings results after the market closes on Thursday, November 8th. Analysts expect the company to announce earnings of C($0.04) per share for the quarter.

TMAC Resources (TSE:TMR) last announced its earnings results on Monday, August 13th. The company reported C($0.07) EPS for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.05). The firm had revenue of C$43.30 million for the quarter.

Shares of TMAC Resources stock opened at C$5.36 on Wednesday. TMAC Resources has a 12 month low of C$3.95 and a 12 month high of C$11.50.

In other TMAC Resources news, insider Gilbert John Frederick Lawson sold 6,551 shares of the business’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of C$4.69, for a total value of C$30,724.19.

Several equities analysts have issued reports on the stock. Macquarie reissued an “outperform” rating and issued a C$8.00 price objective on shares of TMAC Resources in a research note on Wednesday, September 19th. TD Securities dropped their price objective on shares of TMAC Resources from C$12.50 to C$10.00 and set a “speculative buy” rating on the stock in a research note on Wednesday, August 15th. BMO Capital Markets dropped their price objective on shares of TMAC Resources from C$8.00 to C$5.50 in a research note on Wednesday, August 15th. Desjardins raised shares of TMAC Resources from a “hold” rating to a “buy” rating in a research note on Tuesday, July 10th. Finally, National Bank Financial reissued an “outperform” rating and issued a C$8.50 price objective on shares of TMAC Resources in a research note on Monday, August 27th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$8.59.

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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 for TMAC Resources (TSE:TMR)

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