TMAC Resources’ (TMR) Market Perform Rating Reiterated at BMO Capital Markets

TMAC Resources Inc (TSE:TMR)‘s stock had its “market perform” rating reissued by research analysts at BMO Capital Markets in a research note issued to investors on Friday. They presently have a C$13.00 target price on the stock. BMO Capital Markets’ price target would suggest a potential upside of 39.34% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. CIBC decreased their price target on shares of TMAC Resources from C$18.00 to C$16.00 and set a “neutral” rating for the company in a report on Monday, July 17th. Scotiabank reduced 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 note on Monday, July 17th. Royal Bank Of Canada cut shares of TMAC Resources from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$20.00 to C$13.00 in a research note on Thursday, August 17th. Finally, TD Securities reduced 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 note on Tuesday, August 15th. Five equities research analysts have rated the stock with a hold rating, TMAC Resources has a consensus rating of “Hold” and a consensus target price of C$13.70.

Shares of TMAC Resources (TSE TMR) traded down 3.91% on Friday, hitting $9.33. The company’s stock had a trading volume of 55,166 shares. TMAC Resources has a 52 week low of $8.84 and a 52 week high of $20.18. The stock’s 50 day moving average price is $9.81 and its 200 day moving average price is $9.81. The stock’s market capitalization is $783.85 million.

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In related news, insider Jason Ira Goldman purchased 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, with a total value of C$89,800.00. In the last three months, insiders purchased 10,800 shares of company stock valued at $96,559.

About TMAC Resources

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