Echelon Wealth Partners Reaffirms Speculative Buy Rating for TMAC Resources (TSE:TMR)

Echelon Wealth Partners reaffirmed their speculative buy rating on shares of TMAC Resources (TSE:TMR) in a research report sent to investors on Wednesday, Zacks.com reports.

Several other research firms also recently commented on TMR. Canaccord Genuity dropped their price objective on shares of TMAC Resources from C$8.00 to C$7.50 in a report on Tuesday, April 23rd. CIBC dropped their price objective on shares of TMAC Resources from C$7.00 to C$6.25 in a report on Friday, August 2nd. Royal Bank of Canada upped their price objective on shares of TMAC Resources from C$7.00 to C$8.00 in a report on Wednesday, June 26th. National Bank Financial upped their price objective on shares of TMAC Resources from C$8.25 to C$8.50 in a report on Tuesday, July 23rd. Finally, BMO Capital Markets raised shares of TMAC Resources from a market perform rating to an outperform rating and set a C$7.00 price objective on the stock in a report on Friday, May 3rd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. TMAC Resources currently has a consensus rating of Buy and an average price target of C$7.68.

TSE:TMR opened at C$5.50 on Wednesday. The company has a market cap of $618.36 million and a PE ratio of -27.36. TMAC Resources has a twelve month low of C$3.57 and a twelve month high of C$7.06. The company has a current ratio of 1.52, a quick ratio of 0.32 and a debt-to-equity ratio of 16.74. The company’s 50 day moving average is C$5.94 and its two-hundred day moving average is C$5.40.

TMAC Resources Company Profile

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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Analyst Recommendations for TMAC Resources (TSE:TMR)

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