National Bank Financial Analysts Lower Earnings Estimates for TMAC Resources Inc (TMR)

TMAC Resources Inc (TSE:TMR) – Stock analysts at National Bank Financial cut their FY2019 earnings per share estimates for shares of TMAC Resources in a research report issued to clients and investors on Monday, May 20th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings of $0.59 per share for the year, down from their prior estimate of $0.61. National Bank Financial has a “Outperform” rating and a $7.75 price objective on the stock. National Bank Financial also issued estimates for TMAC Resources’ FY2020 earnings at $0.83 EPS and FY2021 earnings at $1.10 EPS.

TMAC Resources (TSE:TMR) last posted its quarterly earnings data on Thursday, February 21st. The company reported C($0.12) EPS for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.10). The company had revenue of C$51.40 million during the quarter.

A number of other analysts have also issued reports on TMR. Royal Bank of Canada decreased their price target on TMAC Resources from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 27th. CIBC reduced their price objective on TMAC Resources from C$6.50 to C$5.50 in a research note on Monday, April 8th. Canaccord Genuity reduced their price objective on TMAC Resources from C$8.00 to C$7.50 in a research note on Tuesday, April 23rd. Finally, BMO Capital Markets raised TMAC Resources from a “market perform” rating to an “outperform” rating and set a C$7.00 price objective on the stock in a research note on Friday, May 3rd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$7.32.

Shares of TSE:TMR opened at C$4.94 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 0.32 and a debt-to-equity ratio of 16.74. TMAC Resources has a 12-month low of C$3.57 and a 12-month high of C$7.52. The stock has a market capitalization of $570.36 million and a price-to-earnings ratio of -24.58.

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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Earnings History and Estimates for TMAC Resources (TSE:TMR)

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