CIBC Lowers TMAC Resources Inc (TMR) Price Target to C$10.50

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.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Stock Observer and is owned by of Stock Observer. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://www.thestockobserver.com/2017/11/15/cibc-lowers-tmac-resources-inc-tmr-price-target-to-c10-50.html.

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

Analyst Recommendations for TMAC Resources (TSE:TMR)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply