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Timmins Gold Corp (NYSE:TGD) posted its quarterly earnings results on Tuesday. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.03 by $0.01, American Banking reports.

TGD has been the subject of a number of recent research reports. Analysts at Cowen and Company downgraded shares of Timmins Gold Corp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 23rd. On a related note, analysts at Zacks upgraded shares of Timmins Gold Corp from a “neutral” rating to an “outperform” rating in a research note on Monday, July 14th. They now have a $2.00 price target on the stock. Finally, 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, July 11th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Timmins Gold Corp currently has a consensus rating of “Buy” and a consensus price target of $2.23.

Shares of Timmins Gold Corp (NYSE:TGD) traded up 0.53% on Tuesday, hitting $1.89. The stock had a trading volume of 93,114 shares. Timmins Gold Corp has a 52 week low of $0.97 and a 52 week high of $2.26. The stock’s 50-day moving average is $1.74 and its 200-day moving average is $1.47. The company has a market cap of $308.8 million and a P/E ratio of 30.32. Timmins Gold Corp also was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 427,571 shares, a decrease of 12.9% from the June 30th total of 490,819 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 249,642 shares, the days-to-cover ratio is currently 1.7 days.

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

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