Timmons Gold Corp. (TGD) Downgraded by Zacks Investment Research to Sell
According to Zacks, “Timmins Gold Corp. is a gold mining and exploration company in Mexico. The Company owns and operates the San Francisco Gold Mine in Sonora State. Timmins Gold Corp. is based in Vancouver, Canada. “
Several other research firms also recently issued reports on TGD. RBC Capital Markets raised shares of Timmons Gold Corp. from an underperform rating to a sector perform rating and upped their price objective for the stock from $0.70 to $1.00 in a report on Friday, August 19th. Royal Bank Of Canada raised shares of Timmons Gold Corp. from an underperform rating to a sector perform rating and upped their price objective for the stock from $0.70 to $1.00 in a report on Friday, August 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $0.70.
Shares of Timmons Gold Corp. (NYSEMKT:TGD) traded up 0.473% during midday trading on Thursday, hitting $0.425. 526,883 shares of the company were exchanged. Timmons Gold Corp. has a one year low of $0.07 and a one year high of $0.63. The stock’s market cap is $135.67 million. The stock’s 50-day moving average is $0.48 and its 200-day moving average is $0.40.
Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake 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 worth $657,000 after buying an additional 630,500 shares during the period. Mackenzie Financial Corp purchased a new stake in shares of Timmons Gold Corp. during the second quarter worth about $867,000. Finally, Bank of Montreal Can purchased a new stake in shares of Timmons Gold Corp. during the second quarter worth about $211,000.
About Timmons Gold Corp.
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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