Timmons Gold Corp. (NYSEMKT:TGD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.
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. “
A number of other brokerages have also commented on TGD. RBC Capital Markets upgraded shares of Timmons Gold Corp. from an “underperform” rating to a “sector perform” rating and boosted their price target for the company from $0.70 to $1.00 in a research note on Friday, August 19th. Royal Bank Of Canada upgraded shares of Timmons Gold Corp. from an “underperform” rating to a “sector perform” rating and boosted their price target for the company from $0.70 to $1.00 in a research note on Friday, August 19th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $0.70.
Shares of Timmons Gold Corp. (NYSEMKT:TGD) opened at 0.424 on Thursday. The stock’s 50 day moving average is $0.48 and its 200-day moving average is $0.40. Timmons Gold Corp. has a 1-year low of $0.07 and a 1-year high of $0.63. The firm’s market cap is $135.35 million.
A number of institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can bought a new position in Timmons Gold Corp. during the second quarter valued at $211,000. Renaissance Technologies LLC increased its stake in Timmons Gold Corp. by 27.8% in the first quarter. Renaissance Technologies LLC now owns 2,898,700 shares of the company’s stock valued at $657,000 after buying an additional 630,500 shares during the period. Finally, Mackenzie Financial Corp acquired a new stake in Timmons Gold Corp. during the second quarter valued at approximately $867,000.
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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