TMAC Resources Inc (TMR) Stock Price Down 0.5%

TMAC Resources Inc (TSE:TMR) shares traded down 0.5% on Monday . The stock traded as low as C$8.31 and last traded at C$8.57. 947,762 shares changed hands during trading, an increase of 1,973% from the average session volume of 45,729 shares. The stock had previously closed at C$8.53.

Several research analysts have weighed in on the company. TD Securities lowered their price objective on TMAC Resources from C$17.50 to C$15.00 and set a “speculative buy” rating on the stock in a research report on Tuesday, October 17th. CIBC lowered their price objective on TMAC Resources from C$12.00 to C$10.50 in a research report on Monday, November 13th. Royal Bank Of Canada lowered their price objective on TMAC Resources from C$13.00 to C$11.00 and set a “sector perform” rating on the stock in a research report on Monday, November 13th. BMO Capital Markets reiterated a “market perform” rating and set a C$13.00 price objective on shares of TMAC Resources in a research report on Friday, October 13th. Finally, Scotiabank lowered their price objective on TMAC Resources from C$16.00 to C$13.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 16th. 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.

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