Yesterday, an analyst has provided a rating update for TMAC Resources (TMR). Analyst Anita Soni from CIBC reiterated a Hold rating, with a C$6.50 price target.
According to TipRanks.com, Soni has 0 stars on 0-5 star ranking scale with an average return of -8.0% and a 33.6% success rate. Soni covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Barrick Gold Corporation, and Pretium Resources.
Currently, the analyst consensus on TMAC Resources is a Moderate Buy with an average price target of C$7.92.
TMAC Resources’ market cap is currently C$538.2M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.66.
TMAC Resources, Inc. engages in the acquisition, exploration, and development of metal resource properties. It focuses on mining the Doris, Madrid, and Boston gold deposit trends located in Hope Bay mineral property in the Kitikmeot Region of Nunavut, Canada.
The company’s shares closed on Monday at C$5.55.
