TMAC Resources Inc (TSE:TMR) had its price objective reduced by BMO Capital Markets from C$17.00 to C$13.00 in a research note published on Monday morning.

A number of other equities research analysts have also weighed in on the stock. Royal Bank Of Canada lowered shares of TMAC Resources from an outperform rating to a sector perform rating and lowered their price target for the company from C$20.00 to C$13.00 in a report on Thursday, August 17th. Scotiabank lowered their price target on shares of TMAC Resources from C$16.00 to C$13.00 and set a sector perform rating for the company in a report on Wednesday, August 16th. TD Securities lowered their price target on shares of TMAC Resources from C$18.00 to C$17.50 and set a speculative buy rating for the company in a report on Tuesday, August 15th. Finally, CIBC lowered 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.

Shares of TMAC Resources (TMR) opened at 9.75 on Monday. The stock’s market capitalization is $819.14 million. The stock’s 50 day moving average is $9.95 and its 200 day moving average is $9.95. TMAC Resources has a 52-week low of $9.20 and a 52-week high of $20.18.

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In other 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 cost of C$8.98 per share, with a total value of C$89,800.00. Over the last ninety days, insiders have purchased 10,800 shares of company stock valued at $96,559.

TMAC Resources Company Profile

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