TMAC Resources (TMR) to Release Quarterly Earnings on Thursday

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TMAC Resources (TSE:TMR) will issue its quarterly earnings data 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 released its quarterly earnings results on Monday, August 13th. The company reported C($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.02) by C($0.05). The firm had revenue of C$43.30 million for the quarter. TMAC Resources had a negative return on equity of 6.09% and a negative net margin of 44.33%.

TSE:TMR opened at C$4.96 on Thursday. TMAC Resources has a 1-year low of C$3.95 and a 1-year high of C$11.50.

In related news, insider Gilbert John Frederick Lawson sold 6,551 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of C$4.69, for a total value of C$30,724.19.

TMR has been the topic of several research reports. Royal Bank of Canada reduced their price target on TMAC Resources from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a report on Monday, August 20th. CIBC reduced their price target on TMAC Resources from C$8.50 to C$7.00 in a report on Thursday, October 4th. TD Securities reduced their price target on TMAC Resources from C$10.00 to C$8.50 and set a “speculative buy” rating on the stock in a report on Thursday, October 4th. National Bank Financial restated an “outperform” rating and set a C$8.50 price target on shares of TMAC Resources in a report on Thursday, October 4th. Finally, Macquarie restated an “outperform” rating and set a C$8.00 price target on shares of TMAC Resources in a report on Wednesday, September 19th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of C$8.59.

About TMAC Resources

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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