TMAC Resources (TMR) has received a rating update from a Wall Street analyst today. The company received a Buy rating from RBC Capital’s analyst Mark Mihaljevic, with a C$7 price target.
According to TipRanks.com, Mihaljevic is a 1-star analyst with an average return of -3.4% and a 31.0% success rate. Mihaljevic covers the Basic Materials sector, focusing on stocks such as Hecla Mining Company, Argonaut Gold Inc, and TMAC Resources.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TMAC Resources with a C$7.96 average price target.
Based on TMAC Resources’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of C$13.5 million. In comparison, last year the company had a GAAP net loss of C$12.5 million.
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 Wednesday at C$5.97.
