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

TMAC Resources Inc (TSE:TMR) had its price objective cut by CIBC from C$12.00 to C$10.50 in a research note issued to investors on Monday.

A number of other equities analysts also recently weighed in on TMR. Scotiabank lowered 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 report on Wednesday, August 16th. BMO Capital Markets lowered their target price on shares of TMAC Resources from C$17.00 to C$13.00 in a report on Monday, October 2nd. TD Securities lowered their target price on shares of TMAC Resources from C$17.50 to C$15.00 and set a speculative buy rating on the stock in a report on Tuesday, October 17th. Finally, Royal Bank Of Canada downgraded shares of TMAC Resources from an outperform rating to a sector perform rating and lowered their target price for the stock from C$20.00 to C$13.00 in a report on Thursday, August 17th. Five analysts have rated the stock with a hold rating, The stock currently has an average rating of Hold and a consensus price target of C$12.30.

Shares of TMAC Resources (TSE:TMR) traded down C$0.01 on Monday, reaching C$7.68. 35,717 shares of the company were exchanged, compared to its average volume of 41,139. TMAC Resources has a fifty-two week low of C$6.90 and a fifty-two week high of C$19.00.

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In related news, insider Jason Ira Goldman acquired 10,000 shares of TMAC Resources stock in a transaction on Friday, August 18th. The stock was purchased at an average cost of C$8.98 per share, with a total value of C$89,800.00. Over the last ninety days, insiders have acquired 10,800 shares of company stock valued at $96,559.

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