TMAC Resources Inc (TSE:TMR) had its price target lowered by stock analysts at BMO Capital Markets from C$17.00 to C$13.00 in a research note issued on Monday. BMO Capital Markets’ price objective would indicate a potential upside of 28.21% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. CIBC lowered their target price on shares of TMAC Resources from C$18.00 to C$16.00 and set a “neutral” rating for the company in a research note on Monday, July 17th. Scotiabank dropped their target price on shares of TMAC Resources from C$22.00 to C$16.00 and set a “sector perform” rating on the stock in a report on Monday, July 17th. Royal Bank Of Canada cut shares of TMAC Resources from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$20.00 to C$13.00 in a report on Thursday, August 17th. Finally, TD Securities reduced their price target on shares of TMAC Resources from C$18.00 to C$17.50 and set a “speculative buy” rating on the stock in a research report on Tuesday, August 15th.

Shares of TMAC Resources (TSE:TMR) traded down 1.18% during trading on Monday, reaching $10.02. The company had a trading volume of 13,730 shares. TMAC Resources has a 52-week low of $9.20 and a 52-week high of $20.18. The stock has a 50 day moving average of $9.46 and a 200 day moving average of $9.46. The stock’s market capitalization is $841.82 million.

ILLEGAL ACTIVITY NOTICE: “TMAC Resources Inc (TMR) PT Lowered to C$13.00” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/02/tmac-resources-inc-tmr-pt-lowered-to-c13-00.html.

In related news, insider Jason Ira Goldman purchased 10,000 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were acquired at an average cost of C$8.98 per share, for a total transaction of C$89,800.00. Insiders have bought 10,800 shares of company stock valued at $96,559 over the last ninety days.

TMAC Resources Company Profile

Receive News & Stock Ratings for TMAC Resources Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TMAC Resources Inc and related stocks with our FREE daily email newsletter.