TMAC Resources Inc Declines Again; Strong Momentum for Sellers

 TMAC Resources Inc Declines Again; Strong Momentum for Sellers

The stock of TMAC Resources Inc (TSE:TMR) is a huge mover today! About 10,689 shares traded hands. TMAC Resources Inc (TSE:TMR) has risen 86.68% since April 15, 2016 and is uptrending. It has outperformed by 82.82% the S&P500.
The move comes after 8 months negative chart setup for the $1.44 billion company. It was reported on Nov, 21 by Barchart.com. We have $15.81 PT which if reached, will make TSE:TMR worth $100.80 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 -18.06% below today’s ($17) stock price. TMAC Resources Inc has been the topic of 3 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by National Bank Canada given on Monday, August 10. BMO Capital Markets initiated TMAC Resources Inc (TSE:TMR) rating on Thursday, August 20. BMO Capital Markets has “Speculative Outperform” rating and $10 price target. National Bank Canada maintained the stock with “Outperform” rating in Wednesday, July 20 report.

More recent TMAC Resources Inc (TSE:TMR) news were published by: Marketwired.com which released: “TMAC Resources Inc. Announces $80 Million Bought Deal Financing” on June 27, 2016. Also Businesswire.com published the news titled: “TMAC Resources’ Achieves Another Milestone on the Way to Production At Hope Bay” on November 07, 2016. Wsj.com‘s news article titled: “Canada’s TMAC Resources Boosts Target IPO Size to $109 Million” with publication date: June 25, 2015 was also an interesting one.

TMAC Resources, Inc. is a Canada-based mineral exploration and development company. The company has a market cap of $1.44 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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