BMO Capital Reiterates a Hold Rating on TMAC Resources

By Austin Angelo

TMAC Resources (TSX: TMR), the Materials sector company was revisited yesterday, yet the Wall Street analyst remains currently on the sidelines. BMO Capital’s analyst David Gagliano reiterates their Hold rating on the shares, with a C$17 price target.

According to TipRanks.com, Gagliano is a 4-star analyst with an average return of 4.2% and a 51.5% success rate. Gagliano covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Stillwater Mining Company.

TMAC Resources has an analyst consensus of Strong Buy, with a price target consensus of C$19.50.

The company has a one year high of C$20.18 and a one year low of C$13.05. Currently, TMAC Resources has an average volume of 38.93K.

TMAC Resources, Inc. engages in the acquisition, exploration, and development of metal resource properties. It focuses on mining the Doris, Madrid, and Boston gold deposit trends located in Hope Bay mineral property in the Kitikmeot Region of Nunavut, Canada. The company was founded by A.

The company’s shares closed on Wednesday at $15.47.