TMAC Resources Inc Has Another Very Weak Trading Session

 TMAC Resources Inc Has Another Very Weak Trading Session

The stock of TMAC Resources Inc (TSE:TMR) is a huge mover today! About 14,209 shares traded hands. TMAC Resources Inc (TSE:TMR) has risen 113.33% since March 30, 2016 and is uptrending. It has outperformed by 112.12% the S&P500.
The move comes after 8 months negative chart setup for the $1.58B company. It was reported on Nov, 3 by Barchart.com. We have $17.28 PT which if reached, will make TSE:TMR worth $142.20 million less.

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. $17.85 is the highest target while $6.25 is the lowest. The $13.93 average target is -26.65% below today’s ($18.99) stock price. 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 with “Speculative Outperform” on Thursday, August 20. The firm earned “Sector Perform” rating on Monday, August 10 by National Bank Canada. The stock has “Outperform” rating given by National Bank Canada on Wednesday, July 20.

More important recent TMAC Resources Inc (TSE:TMR) news were published by: Businesswire.com which released: “TMAC Resources Intersects Significant Near-Surface Gold Mineralization Outside …” on November 03, 2016, also Wsj.com published article titled: “Canada’s TMAC Resources Plans IPO”, Marketwired.com published: “TMAC Resources Inc. Announces $80 Million Bought Deal Financing” on June 27, 2016. More interesting news about TMAC Resources Inc (TSE:TMR) was released by: Wsj.com and their article: “Canada’s TMAC Resources Boosts Target IPO Size to $109 Million” with publication date: June 25, 2015.

TMAC Resources, Inc. is a Canada-based mineral exploration and development company. The company has a market cap of $1.58 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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