TMAC Resources (TMR) Trading Up 3%

Shares of TMAC Resources Inc (TSE:TMR) were up 3% during trading on Wednesday . The stock traded as high as C$8.84 and last traded at C$8.84. Approximately 14,808 shares changed hands during trading, a decline of 67% from the average daily volume of 44,982 shares. The stock had previously closed at C$8.58.

Several analysts recently commented on TMR shares. CIBC dropped their price target on shares of TMAC Resources from C$13.50 to C$12.00 in a research report on Friday, October 13th. Desjardins reaffirmed a “buy” rating and set a C$12.25 price objective on shares of TMAC Resources in a report on Tuesday, November 28th. TD Securities decreased their price objective on shares of TMAC Resources from C$15.00 to C$14.00 and set a “speculative buy” rating on the stock in a report on Monday, November 13th. Royal Bank of Canada downgraded shares of TMAC Resources from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$20.00 to C$13.00 in a report on Thursday, August 17th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$13.00 price objective on shares of TMAC Resources in a report on Friday, October 13th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. TMAC Resources has an average rating of “Hold” and an average price target of C$12.29.

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