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CIBC Sticks to Its Hold Rating for TMAC Resources (TMR)


TMAC Resources (TSX: TMR), the Materials sector company, was revisited by a Wall Street analyst today. Analyst David Haughton from CIBC rated TMAC Resources (TSX: TMR) a Hold, setting a C$7 price target.

According to TipRanks.com, Haughton is ranked #4220 out of 4884 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TMAC Resources with a C$7.40 average price target.

TMAC Resources’ market cap is currently C$451.1M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.55.

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 Thursday at C$4.95, close to its 52-week low of C$3.95.