TMAC Resources (TSE:TMR) Given New C$8.25 Price Target at National Bank Financial

TMAC Resources (TSE:TMR) had its price objective boosted by equities research analysts at National Bank Financial from C$7.75 to C$8.25 in a research report issued on Friday, June 28th, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 20.44% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. Royal Bank of Canada restated an “underperform” rating and issued a GBX 215 ($2.81) target price on shares of in a research report on Wednesday, June 26th. Canaccord Genuity cut shares of ProMetic Life Sciences to a “hold” rating in a research report on Tuesday, April 23rd. CIBC boosted their target price on shares of TMAC Resources from C$5.50 to C$6.00 in a research report on Friday, June 14th. Finally, BMO Capital Markets set a $66.00 target price on shares of CyrusOne and gave the company a “buy” rating in a research report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$7.75.

Shares of TSE:TMR traded up C$0.50 during midday trading on Friday, hitting C$6.85. The stock had a trading volume of 338,900 shares, compared to its average volume of 91,254. The stock has a 50-day moving average price of C$6.16. The company has a market capitalization of $697.98 million and a P/E ratio of -34.08. The company has a quick ratio of 0.32, a current ratio of 1.52 and a debt-to-equity ratio of 16.74. TMAC Resources has a fifty-two week low of C$3.57 and a fifty-two week high of C$7.52.

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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