Timmins Gold Corp. (TMM) Expected to Earn FY2017 Earnings of ($0.04) Per Share
Timmins Gold Corp. (TSE:TMM) – National Bank Financial decreased their FY2017 earnings per share (EPS) estimates for shares of Timmins Gold Corp. in a research note issued to investors on Wednesday. National Bank Financial analyst S. Nagle now forecasts that the brokerage will earn ($0.04) per share for the year, down from their prior forecast of ($0.01). National Bank Financial currently has a “Outperform Spec Overweight” rating on the stock.
Several other equities research analysts also recently commented on the company. Scotiabank raised their target price on Timmins Gold Corp. from C$0.55 to C$0.75 and gave the company a “sector perform” rating in a report on Monday, August 15th. Beacon Securities restated a “buy” rating on shares of Timmins Gold Corp. in a report on Friday, July 29th. TD Securities restated a “buy” rating and set a C$1.10 price objective on shares of Timmins Gold Corp. in a report on Tuesday, August 23rd. Finally, RBC Capital Markets upgraded Timmins Gold Corp. from an “underperform” rating to a “sector perform” rating and lifted their price objective for the stock from C$0.70 to C$1.00 in a report on Friday, August 19th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of C$0.70.
Shares of Timmins Gold Corp. (TSE:TMM) remained flat at $0.62 during midday trading on Monday. The company’s stock had a trading volume of 235,124 shares. Timmins Gold Corp. has a 1-year low of $0.10 and a 1-year high of $0.80. The company has a 50 day moving average price of $0.62 and a 200-day moving average price of $0.53. The firm’s market capitalization is $197.92 million.
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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