TMAC Resources (TSE:TMR) PT Lowered to C$6.25

TMAC Resources (TSE:TMR) had its price objective decreased by equities researchers at CIBC from C$7.00 to C$6.25 in a research report issued to clients and investors on Friday, BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 26.77% from the stock’s previous close.

Other research analysts have also issued reports about the stock. BMO Capital Markets upgraded shares of TMAC Resources from a “market perform” rating to an “outperform” rating and set a C$7.00 price objective for the company in a research note on Friday, May 3rd. National Bank Financial lifted their price target on TMAC Resources from C$8.25 to C$8.50 in a research report on Tuesday, July 23rd. Royal Bank of Canada lifted their price target on TMAC Resources from C$7.00 to C$8.00 in a research report on Wednesday, June 26th. Finally, Canaccord Genuity reduced their price target on TMAC Resources from C$8.00 to C$7.50 in a research report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of C$7.68.

TMAC Resources stock traded down C$1.22 during mid-day trading on Friday, reaching C$4.93. The company’s stock had a trading volume of 397,897 shares, compared to its average volume of 95,390. TMAC Resources has a 12-month low of C$3.57 and a 12-month high of C$7.35. The firm has a market cap of $748.81 million and a P/E ratio of -24.43. The company has a quick ratio of 0.32, a current ratio of 1.52 and a debt-to-equity ratio of 16.74. The stock has a fifty day moving average of C$6.28.

About TMAC Resources

TMAC Resources Inc engages in exploring, evaluating, developing, and mining mineral properties in Canada. The company primarily explores for gold deposits. Its principal asset is the Hope Bay Project covering an area of 1,101 square kilometers located in the Kitikmeot region of western Nunavut Territory.

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Analyst Recommendations for TMAC Resources (TSE:TMR)

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