Analysts Set TMAC Resources Inc (TMR) Price Target at $12.50

Shares of TMAC Resources Inc (TSE:TMR) have earned an average recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$12.50.

A number of research firms have recently commented on TMR. Royal Bank of Canada raised their target price on TMAC Resources from C$10.00 to C$12.00 and gave the company a “sector perform” rating in a research note on Monday, January 22nd. Desjardins lowered TMAC Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. TD Securities reduced their price objective on TMAC Resources from C$15.00 to C$14.00 and set a “speculative buy” rating for the company in a research report on Monday, November 13th. Finally, CIBC reduced their price objective on TMAC Resources from C$12.00 to C$10.50 in a research report on Monday, November 13th.

TMAC Resources (TSE TMR) traded up C$0.05 on Friday, hitting C$9.12. The stock had a trading volume of 18,920 shares, compared to its average volume of 35,631. The stock has a market cap of $782.63 and a PE ratio of -37.79. TMAC Resources has a 52 week low of C$6.90 and a 52 week high of C$17.60.

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TMAC Resources Company Profile

TMAC Resources Inc acquires, explores for, evaluates, and develops 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. The company was incorporated in 2012 and is headquartered in Toronto, Canada.

Analyst Recommendations for TMAC Resources (TSE:TMR)

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