Does TMAC Resources Inc Have Any Gas After Today’s Huge Increase?

 Does TMAC Resources Inc Have Any Gas After Today's Huge Increase?

The stock of TMAC Resources Inc (TSE:TMR) is a huge mover today! About 21,565 shares traded hands. TMAC Resources Inc (TSE:TMR) has risen 112.78% since March 29, 2016 and is uptrending. It has outperformed by 110.25% the S&P500.
The move comes after 6 months positive chart setup for the $1.63B company. It was reported on Nov, 2 by Barchart.com. We have $28.61 PT which if reached, will make TSE:TMR worth $798.70 million more.

TMAC Resources Inc (TSE:TMR) Ratings Coverage

Out of 2 analysts covering TMAC Resources Inc (TSE:TMR), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. TMAC Resources Inc has been the topic of 3 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The rating was initiated by BMO Capital Markets on Thursday, August 20 with “Speculative Outperform”. The firm has “Sector Perform” rating given on Monday, August 10 by National Bank Canada. As per Wednesday, July 20, the company rating was maintained by National Bank Canada.

More notable recent TMAC Resources Inc (TSE:TMR) news were published by: Wsj.com which released: “Canada’s TMAC Resources Plans IPO” on May 29, 2015, also Marketwired.com with their article: “TMAC Resources Inc. Announces $80 Million Bought Deal Financing” published on June 27, 2016, Wsj.com published: “Canada’s TMAC Resources Boosts Target IPO Size to $109 Million” on June 25, 2015. More interesting news about TMAC Resources Inc (TSE:TMR) were released by: Theglobeandmail.com and their article: “The Globe and Mail” published on September 23, 2015 as well as Business.Financialpost.com‘s news article titled: “TMAC Resources Inc launches $105 million IPO” with publication date: June 01, 2015.

TMAC Resources, Inc. is a Canada-based mineral exploration and development company. The company has a market cap of $1.63 billion. The Firm is involved in the exploration, evaluation and development of the Hope Bay mineral property in the Kitikmeot Region of Nunavut, Canada . It currently has negative earnings. Approximately 1,100 square kilometer Hope Bay Project gold deposit has approximately 4.5 million ounces of gold at an average grade of approximately 9.2 grams per ton gold (g/t Au), Inferred Mineral Resources totaling approximately 1.4 million ounces of gold at an average grade of 7.4 g/t Au and proven and probable mineral reserves totaling approximately 3.5 million ounces of gold at an average grade of 7.7 g/t Au.

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