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Timmins Gold Corp (NYSE:TGD) saw a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 382,939 shares, a decrease of 18.6% from the July 31st total of 470,280 shares, American Banking & Market News reports. Based on an average daily trading volume, of 120,860 shares, the short-interest ratio is currently 3.2 days. Currently, 0.2% of the company’s stock are short sold.

A number of research firms have recently commented on TGD. Analysts at Zacks downgraded shares of Timmins Gold Corp from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $2.10 price target on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $2.37.

Timmins Gold Corp (NYSE:TGD) opened at 1.63 on Thursday. Timmins Gold Corp has a 52-week low of $0.97 and a 52-week high of $2.03. The stock’s 50-day moving average is $1.78 and its 200-day moving average is $1.54. The company has a market cap of $266.4 million and a price-to-earnings ratio of 21.95.

Timmins Gold Corp (NYSE:TGD) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.03 by $0.01. Analysts expect that Timmins Gold Corp will post $0.12 EPS for the current fiscal year.

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

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