TMAC Resources Inc (TSE:TMR) has been downgraded from Outperform to Market Perform in a report by BMO Capital Markets today.
- Updated: September 29, 2016
Yesterday TMAC Resources Inc (TSE:TMR) traded 2.46% higher at $18.22. The company’s 50-day moving average is $17.42 and its 200-day moving average is $13.99. The last stock close price is up 34.00% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 25,991 shares of the stock were exchanged, down from an average trading volume of 70,097
BMO Capital Markets has downgraded TMAC Resources Inc (TSE:TMR) from Outperform to Market Perform in a report released on 9/29/2016.
Previously on 9/15/2016, Scotia Capital reported about TMAC Resources Inc (TSE:TMR) raised the target price from $0.00 to $22.00. At the time, this indicated a possible upside of 0.35%.
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TMAC Resources Inc has a 52 week low of $5.43 and a 52 week high of $19.97 The company’s market cap is currently $0.
In addition to BMO Capital Markets reporting its target price, a total of 6 firms have issued a report on the stock. The consensus target price is $15.57 with zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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), 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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