Timmins Gold Corp Receives Average Recommendation of “Hold” from Brokerages (NYSE:TGD)
Shares of Timmins Gold Corp (NYSE:TGD) have received an average recommendation of “Hold” from the eight analysts that are currently covering the stock, American Banking & Market News reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $2.37.
TGD has been the subject of a number of recent research reports. 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.
Shares of Timmins Gold Corp (NYSE:TGD) opened at 1.65 on Monday. Timmins Gold Corp has a 52 week low of $0.97 and a 52 week high of $2.03. The stock has a 50-day moving average of $1.77 and a 200-day moving average of $1.54. The company has a market cap of $269.7 million and a P/E ratio of 22.03. Timmins Gold Corp also saw a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 382,939 shares, a decline of 18.6% from the July 31st total of 470,280 shares. Based on an average daily trading volume, of 120,860 shares, the days-to-cover ratio is currently 3.2 days. Currently, 0.2% of the company’s shares are short sold.
Timmins Gold Corp (NYSE:TGD) last announced its earnings results on Tuesday, July 29th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the 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.
Receive News & Ratings for Timmins Gold Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Timmins Gold Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.