TMAC Resources Inc (TSE:TMR)’s share price was down 0.5% during mid-day trading on Monday . The company traded as low as C$8.31 and last traded at C$8.57. Approximately 947,762 shares were traded during mid-day trading, an increase of 1,973% from the average daily volume of 45,729 shares. The stock had previously closed at C$8.53.

A number of equities analysts have issued reports on TMR shares. TD Securities decreased their price objective on shares of TMAC Resources from C$19.00 to C$18.00 and set a “speculative buy” rating on the stock in a research report on Friday, July 28th. CIBC decreased their price objective on shares of TMAC Resources from C$13.50 to C$12.00 in a research report on Friday, October 13th. BMO Capital Markets restated a “market perform” rating and issued a C$13.00 price objective on shares of TMAC Resources in a research report on Friday, October 13th. Royal Bank Of Canada lowered shares of TMAC Resources from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$20.00 to C$13.00 in a research note on Thursday, August 17th. Finally, Scotiabank cut their target price on shares of TMAC Resources from C$16.00 to C$13.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 16th. Five equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus price target of C$12.30.

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TMAC Resources Company Profile

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