Timmons Gold Corp. (NYSEMKT:TGD) Receives Consensus Rating of “Hold” from Analysts
Shares of Timmons Gold Corp. (NYSEMKT:TGD) have been given a consensus recommendation of “Hold” by the eight brokerages that are currently covering the company. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $0.75.
TGD has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Timmons Gold Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 15th. RBC Capital Markets upgraded shares of Timmons Gold Corp. from an “underperform” rating to a “sector perform” rating and boosted their price objective for the stock from $0.70 to $1.00 in a research report on Friday, August 19th. Finally, Royal Bank Of Canada upgraded shares of Timmons Gold Corp. from an “underperform” rating to a “sector perform” rating and boosted their price objective for the stock from $0.70 to $1.00 in a research report on Friday, August 19th.
Shares of Timmons Gold Corp. (NYSEMKT:TGD) traded up 4.654% during mid-day trading on Wednesday, reaching $0.515. 687,408 shares of the company were exchanged. Timmons Gold Corp. has a 12 month low of $0.07 and a 12 month high of $0.63. The stock has a 50 day moving average price of $0.51 and a 200-day moving average price of $0.38. The stock’s market capitalization is $164.40 million.
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Institutional investors have recently made changes to their positions in the stock. Mackenzie Financial Corp purchased a new position in shares of Timmons Gold Corp. during the second quarter valued at about $867,000. Bank of Montreal Can purchased a new position in shares of Timmons Gold Corp. during the second quarter valued at about $211,000. Renaissance Technologies LLC boosted its position in shares of Timmons Gold Corp. by 27.8% in the first quarter. Renaissance Technologies LLC now owns 2,898,700 shares of the company’s stock valued at $657,000 after buying an additional 630,500 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Timmons Gold Corp. by 1.4% in the first quarter. Wellington Management Group LLP now owns 4,707,132 shares of the company’s stock valued at $1,073,000 after buying an additional 65,937 shares in the last quarter.
Timmons Gold Corp. Company Profile
Timmins Gold Corp. is a Canada-based gold producer engaged in the operation, development, exploration and acquisition of resource properties in Mexico through its subsidiaries, Timmins Goldcorp Mexico, SA de C.V. and Molimentales del Noroeste, SA de C.V. (MdN). MdN owns the San Francisco Mine in Sonora, Mexico.
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