TD Securities Lowers TMAC Resources Inc (TMR) Price Target to C$15.00

TMAC Resources Inc (TSE:TMR) had its price objective cut by research analysts at TD Securities from C$17.50 to C$15.00 in a research note issued on Tuesday, October 17th. The brokerage currently has a “speculative buy” rating on the stock. TD Securities’ target price points to a potential upside of 78.36% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Scotiabank reduced their price objective on shares of TMAC Resources from C$22.00 to C$16.00 and set a “sector perform” rating for the company in a research note on Monday, July 17th. CIBC reduced their price objective 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. BMO Capital Markets reissued a “market perform” rating and issued a C$13.00 price objective on shares of TMAC Resources in a research note on Friday, October 13th. Finally, Royal Bank Of Canada lowered 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 research report on Thursday, August 17th. Five analysts have rated the stock with a hold rating, TMAC Resources presently has a consensus rating of “Hold” and a consensus target price of C$13.20.

TMAC Resources (TMR) traded up C$0.29 during trading hours on Tuesday, reaching C$8.70. The company’s stock had a trading volume of 18,645 shares, compared to its average volume of 51,402. TMAC Resources has a 52 week low of C$6.90 and a 52 week high of C$19.25.

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In related news, insider Jason Ira Goldman bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average price of C$8.98 per share, for a total transaction of C$89,800.00. In the last 90 days, insiders have purchased 10,800 shares of company stock valued at $96,559.

TMAC Resources Company Profile

Analyst Recommendations for TMAC Resources (TSE:TMR)

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