Timmins Gold Corp. (TMM) Forecasted to Post FY2017 Earnings of ($0.04) Per Share
Timmins Gold Corp. (TSE:TMM) – Investment analysts at National Bank Financial reduced their FY2017 earnings per share (EPS) estimates for Timmins Gold Corp. in a report released on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the firm will earn ($0.04) per share for the year, down from their previous forecast of ($0.01). National Bank Financial currently has a “Outperform Spec Overweight” rating on the stock.
Several other analysts have also weighed in on TMM. Scotiabank reissued a “sector perform” rating and set a C$0.55 price objective on shares of Timmins Gold Corp. in a report on Thursday, July 14th. TD Securities boosted their price target on Timmins Gold Corp. from C$0.75 to C$0.80 and gave the company a “speculative buy” rating in a research note on Friday, July 15th. Beacon Securities reaffirmed a “buy” rating on shares of Timmins Gold Corp. in a research note on Friday, July 29th. Finally, RBC Capital Markets raised Timmins Gold Corp. from an “underperform” rating to a “sector perform” rating and boosted their price target for the company from C$0.70 to C$1.00 in a research note on Friday, August 19th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$0.70.
Timmins Gold Corp. (TSE:TMM) opened at 0.62 on Monday. The company’s 50-day moving average price is $0.62 and its 200 day moving average price is $0.53. Timmins Gold Corp. has a 52 week low of $0.10 and a 52 week high of $0.80. The company’s market cap is $197.92 million.
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Timmins 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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