Timmins Gold Corp Sees Significant Decrease in Short Interest (TGD)
Shares of Timmins Gold Corp (NYSE:TGD) were the target of a large drop in short interest during the month of May. As of May 30th, there was short interest totalling 467,356 shares, a drop of 24.2% from the May 15th total of 616,487 shares, StockRatingsNetwork.com reports. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 194,210 shares, the days-to-cover ratio is presently 2.4 days.
A number of analysts have recently weighed in on TGD shares. Analysts at Scotiabank reiterated a “sector perform” rating on shares of Timmins Gold Corp in a research note on Friday, May 30th. They now have a C$2.25 price target on the stock. Separately, analysts at M Partners cut their price target on shares of Timmins Gold Corp from C$2.25 to C$2.10 in a research note on Thursday, May 1st. They now have a “buy” rating on the stock. Finally, analysts at Dundee Securities raised their price target on shares of Timmins Gold Corp from C$1.75 to C$2.00 in a research note on Thursday, May 1st. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $2.34.
Timmins Gold Corp (NYSE:TGD) opened at 1.59 on Thursday. Timmins Gold Corp has a 52 week low of $0.97 and a 52 week high of $2.69. The stock has a 50-day moving average of $1.40 and a 200-day moving average of $1.32. The company has a market cap of $259.8 million and a P/E ratio of 24.84.
Timmins Gold Corp (NYSE:TGD) last announced its earnings results on Thursday, May 1st. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.07 by $0.02. On average, analysts predict that Timmins Gold Corp will post $0.12 earnings per share for the current fiscal year.
Timmins Gold Corp. (NYSE:TGD) is a gold mining and exploration company.
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