TMAC Resources Inc (TSE:TMR) was downgraded by Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a note issued to investors on Thursday. They presently have a C$13.00 target price on the stock, down from their previous target price of C$20.00. Royal Bank Of Canada’s target price would suggest a potential upside of 47.06% from the stock’s current price.
TMR has been the topic of several other reports. Scotiabank dropped their target price on TMAC Resources from C$16.00 to C$13.00 and set a “sector perform” rating on the stock in a report on Wednesday. TD Securities dropped their target price on TMAC Resources from C$19.00 to C$18.00 and set a “speculative buy” rating on the stock in a report on Friday, July 28th. Finally, CIBC dropped their target price on TMAC Resources from C$18.00 to C$16.00 and set a “neutral” rating on the stock in a report on Monday, July 17th. Five research analysts have rated the stock with a hold rating, TMAC Resources currently has a consensus rating of “Hold” and an average target price of C$14.88.
Shares of TMAC Resources (TSE TMR) opened at 8.84 on Thursday. TMAC Resources has a 12 month low of $8.12 and a 12 month high of $20.18. The stock’s 50 day moving average is $12.11 and its 200 day moving average is $14.93. The firm’s market cap is $742.68 million.
In other news, insider Jason Ira Goldman bought 10,000 shares of the stock in a transaction on Friday, August 18th. The shares were bought at an average price of C$8.98 per share, with a total value of C$89,800.00.
TMAC Resources Company Profile
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