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Timmins Gold Corp (NYSE:TGD) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 490,819 shares, a decrease of 10.8% from the June 13th total of 550,147 shares, American Banking and Market News reports. Based on an average daily trading volume, of 303,545 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.3% of the company’s shares are short sold.

TGD has been the subject of a number of recent research reports. Analysts at M Partners raised their price target on shares of Timmins Gold Corp from C$2.25 to C$2.50 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of Timmins Gold Corp from C$2.25 to C$2.50 in a research note on Thursday. 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$2.00 to C$2.25 in a research note on Tuesday, June 24th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $2.27.

Timmins Gold Corp (NYSE:TGD) opened at 1.84 on Monday. Timmins Gold Corp has a 52 week low of $0.97 and a 52 week high of $2.44. The stock has a 50-day moving average of $1.60 and a 200-day moving average of $1.41. The company has a market cap of $300.6 million and a P/E ratio of 28.39.

Timmins Gold Corp (NYSE:TGD) last announced its earnings results on Thursday, May 1st. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.02. On average, analysts predict that Timmins Gold Corp will post $0.13 earnings per share for the current fiscal year.

Timmins Gold Corp. (NYSE:TGD) is a gold mining and exploration company.

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