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.

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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

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