TMAC Resources (TMR) Shares Up 3%

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

A number of research firms recently commented on TMR. Desjardins reissued a “buy” rating and set a C$12.25 target price on shares of TMAC Resources in a research report on Tuesday, November 28th. TD Securities decreased their target price on shares of TMAC Resources from C$15.00 to C$14.00 and set a “speculative buy” rating for the company in a research report on Monday, November 13th. Royal Bank of Canada decreased their target price on shares of TMAC Resources from C$13.00 to C$11.00 and set a “sector perform” rating for the company in a research report on Monday, November 13th. CIBC decreased their target price on shares of TMAC Resources from C$12.00 to C$10.50 in a research report on Monday, November 13th. Finally, BMO Capital Markets restated a “market perform” rating and set a C$13.00 price target on shares of TMAC Resources in a research note on Friday, October 13th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. TMAC Resources currently has an average rating of “Hold” and an average price target of C$12.29.

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