Timmins Gold Corp Rating Lowered to Neutral at Zacks (TGD)
Timmins Gold Corp (NYSE:TGD) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday. They currently have a $2.10 price objective on the stock. Zacks‘s price target suggests a potential upside of 16.67% from the stock’s previous close.
Shares of Timmins Gold Corp (NYSE:TGD) traded up 0.01% on Tuesday, hitting $1.8001. 56,350 shares of the company’s stock traded hands. Timmins Gold Corp has a 52-week low of $0.97 and a 52-week high of $2.26. The stock has a 50-day moving average of $1.79 and a 200-day moving average of $1.51. The company has a market cap of $294.2 million and a price-to-earnings ratio of 24.32. Timmins Gold Corp also was the target of a significant growth in short interest in July. As of July 31st, there was short interest totalling 470,280 shares, a growth of 10.0% from the July 15th total of 427,571 shares. Based on an average daily volume of 279,026 shares, the short-interest ratio is currently 1.7 days. Currently, 0.3% of the shares of the stock are short sold.
Timmins Gold Corp (NYSE:TGD) last released its earnings data on Tuesday, July 29th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.03 by $0.01. Analysts expect that Timmins Gold Corp will post $0.12 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Jennings Capital downgraded shares of Timmins Gold Corp from a “buy” rating to a “sell” rating in a research note on Wednesday, July 30th. Separately, analysts at TD Securities raised their price target on shares of Timmins Gold Corp from C$2.50 to C$2.75 in a research note on Wednesday, July 30th. They now have a “buy” rating on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Timmins Gold Corp currently has an average rating of “Hold” and an average target price of $2.37.
Timmins Gold Corp. (NYSE:TGD) is a gold mining and exploration company.
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