TMAC Resources (TSE:TMR) Given New C$6.25 Price Target at CIBC

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TMAC Resources (TSE:TMR) had its price target reduced by CIBC from C$7.00 to C$6.25 in a research note published on Friday, BayStreet.CA reports.

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

TSE TMR opened at C$4.91 on Friday. TMAC Resources has a 52-week low of C$3.57 and a 52-week high of C$7.35. The company has a debt-to-equity ratio of 16.74, a current ratio of 1.52 and a quick ratio of 0.32. The company has a market cap of $554.55 million and a P/E ratio of -24.43. The stock’s fifty day moving average is C$6.20.

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.

See Also: Cost of Goods Sold (COGS)

Analyst Recommendations for TMAC Resources (TSE:TMR)

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