What Will Happen to TMAC Resources Inc Next? The Stock Just Declined A Lot

 What Will Happen to TMAC Resources Inc Next? The Stock Just Declined A Lot

The stock of TMAC Resources Inc (TSE:TMR) is a huge mover today! About 32,938 shares traded hands. TMAC Resources Inc (TSE:TMR) has risen 60.82% since April 27, 2016 and is uptrending. It has outperformed by 54.90% the S&P500.
The move comes after 7 months negative chart setup for the $1.19 billion company. It was reported on Dec, 1 by Barchart.com. We have $13.79 PT which if reached, will make TSE:TMR worth $83.30 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. TMAC Resources Inc has been the topic of 3 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, August 10 by National Bank Canada. BMO Capital Markets initiated the shares of TMR in a report on Thursday, August 20 with “Speculative Outperform” rating. National Bank Canada maintained it with “Outperform” rating and $17.85 target price in Wednesday, July 20 report.

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 Wsj.com with their article: “Canada’s TMAC Resources Boosts Target IPO Size to $109 Million” published on June 25, 2015, Businesswire.com published: “TMAC Resources Makes US$15 Million Third Draw under US$120 Million Senior …” on September 27, 2016. More interesting news about TMAC Resources Inc (TSE:TMR) were released by: Marketwired.com and their article: “TMAC Resources Inc. Announces $80 Million Bought Deal Financing” published on June 27, 2016 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 $1.19 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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