Timmins Gold Corp. (TSE:TMM)‘s stock had its “outperform” rating reissued by research analysts at Scotiabank in a research report issued on Friday. They currently have a C$1.00 target price on the stock. Scotiabank’s target price indicates a potential upside of 61.29% from the company’s current price.
A number of other equities research analysts have also issued reports on the stock. National Bank Financial raised their price target on shares of Timmins Gold Corp. from C$0.65 to C$0.90 in a report on Wednesday, July 13th. Beacon Securities reaffirmed a “buy” rating on shares of Timmins Gold Corp. in a research report on Friday, July 29th. TD Securities reaffirmed a “buy” rating and issued a C$1.10 target price on shares of Timmins Gold Corp. in a research report on Tuesday, August 23rd. Finally, RBC Capital Markets raised shares of Timmins Gold Corp. from an “underperform” rating to a “sector perform” rating and raised their target price for the stock from C$0.70 to C$1.00 in a research report on Friday, August 19th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Timmins Gold Corp. presently has an average rating of “Hold” and an average target price of C$0.70.
Shares of Timmins Gold Corp. (TSE:TMM) opened at 0.62 on Friday. The company’s market capitalization is $197.92 million. Timmins Gold Corp. has a 12 month low of $0.10 and a 12 month high of $0.80. The firm has a 50-day moving average of $0.62 and a 200-day moving average of $0.53.
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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