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A statement released earlier today by BMO Capital Markets about TMAC Resources Inc (TSE:TMR) bumps the target price to $21.50

Just yesterday TMAC Resources Inc (TSE:TMR) traded 1.17% lower at $18.89. The company’s 50-day average is $17.17 and its 200-day moving average is $13.43. The last stock close is up 19.87% relative to the 200-day average, compared with the S&P 500 which has fallen -0.01% over the same time. Trade volume was was down over the average, with 17,033 shares of TMR changing hands under the typical 77,525 shares..

Stating a possible upside of 0.14%, BMO Capital Markets upped the target price of TMAC Resources Inc (TSE:TMR) to $22

On Thursday July 21 2016, TD Securities reported on TMAC Resources Inc(TSE:TMR) bumped the target price from $16.50 to $20.00. At the time, this suggested an upside of 0.33%.

Recent Performance Chart:

TMAC Resources Inc (TSE:TMR)

Also covering TMAC Resources Inc’s price target, a total of 6 firms have released a report on the stock. The 12-month target is $15.45 with 0 rating the company a strong buy, 0 rating the stock a buy, 0 analysts rating the stock a hold, 0 rating the company to underperform, and lastly 0 firms rating the company as sell.

TMAC Resources Inc has a one-year low of $5.43 and a one-year high of $19.97 and has a market capitalization of $0.0.

General Company Details For TMAC Resources Inc (TSE:TMR)

TMAC Resources, Inc. is a Canada-based mineral exploration and development company. The Company is involved in the exploration, evaluation and development of the Hope Bay mineral property in the Kitikmeot Region of Nunavut, Canada (Hope Bay Project). Approximately 1, 100 square kilometer Hope Bay Project gold deposit has approximately 4.5 million ounces of gold at an average grade of approximately 9.2 grams per ton gold (g/t Au), and Inferred Mineral Resources totaling approximately 1.4 million ounces of gold at an average grade of 7.4 g/t Au and proven and probable mineral reserves totaling approximately 3.5 million ounces of gold at an average grade of 7.7 g/t Au. The Company has not generated revenue.

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