TMAC Resources Inc (TSE:TMR) had its price objective raised by Scotiabank from C$19.00 to C$22.00 in a research note issued to investors on Monday. The firm currently has an outperform rating on the stock.

TMR has been the topic of several other research reports. Royal Bank Of Canada started coverage on TMAC Resources in a report on Monday, December 19th. They issued an outperform rating and a C$20.00 price target on the stock. TD Securities reaffirmed a speculative buy rating and issued a C$20.00 price target on shares of TMAC Resources in a report on Tuesday, December 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of C$18.73.

Analyst Recommendations for TMAC Resources (TSE:TMR)

Shares of TMAC Resources (TSE:TMR) opened at 17.02 on Monday. The company’s market capitalization is $1.41 billion. TMAC Resources has a one year low of $7.01 and a one year high of $20.18. The company has a 50-day moving average price of $16.74 and a 200 day moving average price of $16.89.

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About TMAC Resources

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.

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