TMAC Resources Inc (TSE:TMR) had its price target lowered by CIBC from C$12.00 to C$10.50 in a research note issued to investors on Monday. CIBC’s price target would indicate a potential upside of 38.16% from the stock’s previous close.
A number of other analysts have also recently weighed in on TMR. Scotiabank reduced their price target on TMAC Resources from C$16.00 to C$13.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 16th. BMO Capital Markets reduced their price target on TMAC Resources from C$17.00 to C$13.00 in a research report on Monday, October 2nd. TD Securities reduced their price target on TMAC Resources from C$17.50 to C$15.00 and set a “speculative buy” rating for the company in a research report on Tuesday, October 17th. Finally, Royal Bank Of Canada cut TMAC Resources from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$20.00 to C$13.00 in a research report on Thursday, August 17th. Five research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of C$12.30.
Shares of TMAC Resources (TSE TMR) opened at C$7.60 on Monday. TMAC Resources has a 12-month low of C$6.90 and a 12-month high of C$19.00.
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In other TMAC Resources news, insider Jason Ira Goldman acquired 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 bought 10,800 shares of company stock worth $96,559 over the last quarter.
About TMAC Resources
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