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Timmins Gold Corp (NYSE:TGD) saw a significant increase in short interest in the month of June. As of June 13th, there was short interest totalling 550,147 shares, an increase of 17.7% from the May 30th total of 467,356 shares, Stock Ratings Network.com reports. Based on an average trading volume of 359,488 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.3% of the shares of the company are short sold.

A number of analysts have recently weighed in on TGD shares. Analysts at Dundee Securities raised their price target on shares of Timmins Gold Corp from C$2.00 to C$2.25 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Timmins Gold Corp currently has a consensus rating of “Buy” and a consensus price target of $2.39.

Timmins Gold Corp (NYSE:TGD) opened at 1.69 on Wednesday. Timmins Gold Corp has a 52-week low of $0.97 and a 52-week high of $2.50. The stock’s 50-day moving average is $1.47 and its 200-day moving average is $1.36. The company has a market cap of $276.1 million and a price-to-earnings ratio of 29.19.

Timmins Gold Corp (NYSE:TGD) last issued its quarterly earnings data 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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