Royal Bank Of Canada Lowers TMAC Resources Inc (TMR) Price Target to C$11.00

TMAC Resources Inc (TSE:TMR) had its price target decreased by equities researchers at Royal Bank Of Canada from C$13.00 to C$11.00 in a research report issued to clients and investors on Monday. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 44.74% from the company’s previous close.

Several other brokerages have also recently commented on TMR. TD Securities dropped their target price on shares of TMAC Resources from C$18.00 to C$17.50 and set a “speculative buy” rating for the company in a research report on Tuesday, August 15th. Scotiabank dropped their target price 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 report on Monday, July 17th. CIBC dropped their target price on shares of TMAC Resources from C$13.50 to C$12.00 in a research report on Friday, October 13th. Finally, BMO Capital Markets dropped their target price on shares of TMAC Resources from C$17.00 to C$13.00 in a research report on Monday, October 2nd. Five research analysts have rated the stock with a hold rating, TMAC Resources currently has an average rating of “Hold” and a consensus target price of C$12.30.

Shares of TMAC Resources (TMR) opened at C$7.60 on Monday. TMAC Resources has a 1 year low of C$6.90 and a 1 year high of C$19.00.

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In other news, insider Jason Ira Goldman acquired 10,000 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was acquired 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 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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