Timmins Gold Corp.’s (TMM) “Outperform” Rating Reaffirmed at Scotiabank
Timmins Gold Corp. (TSE:TMM)‘s stock had its “outperform” rating reaffirmed by stock analysts at Scotiabank in a report issued on Friday. They currently have a C$1.00 target price on the stock. Scotiabank’s price objective points to a potential upside of 61.29% from the company’s current price.
A number of other analysts have also issued reports on the company. National Bank Financial raised their price target on Timmins Gold Corp. from C$0.65 to C$0.90 in a research note on Wednesday, July 13th. Beacon Securities reissued a “buy” rating on shares of Timmins Gold Corp. in a research note on Friday, July 29th. TD Securities reissued a “buy” rating and issued a C$1.10 price target on shares of Timmins Gold Corp. in a research note on Tuesday, August 23rd. Finally, RBC Capital Markets raised Timmins Gold Corp. from an “underperform” rating to a “sector perform” rating and raised their price target for the stock from C$0.70 to C$1.00 in a research note on Friday, August 19th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$0.70.
Timmins Gold Corp. (TSE:TMM) traded down 1.59% during mid-day trading on Friday, hitting $0.62. 310,413 shares of the company were exchanged. The firm has a 50 day moving average price of $0.62 and a 200 day moving average price of $0.52. Timmins Gold Corp. has a 12 month low of $0.10 and a 12 month high of $0.80. The stock’s market cap is $197.92 million.
About Timmins 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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