Timmins Gold Corp Given New C$2.50 Price Target at M Partners (TGD)

Timmins Gold Corp (NYSE:TGD) had its target price boosted by M Partners from C$2.25 to C$2.50 in a report issued on Friday. They currently have a buy rating on the stock.

Shares of Timmins Gold Corp (NYSE:TGD) traded down 0.01% on Friday, hitting $1.8399. 142,002 shares of the company’s stock traded hands. Timmins Gold Corp has a one year low of $0.97 and a one year high of $2.44. The stock has a 50-day moving average of $1.60 and a 200-day moving average of $1.41. The company has a market cap of $300.6 million and a price-to-earnings ratio of 29.68. Timmins Gold Corp also was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 490,819 shares, a decrease of 10.8% from the June 13th total of 550,147 shares. Based on an average trading volume of 303,545 shares, the short-interest ratio is presently 1.6 days. Currently, 0.3% of the shares of the company are short sold.

Timmins Gold Corp (NYSE:TGD) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.07 by $0.02. Analysts expect that Timmins Gold Corp will post $0.13 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on TGD. Analysts at TD Securities raised their price target on shares of Timmins Gold Corp from C$2.25 to C$2.50 in a research note on Thursday. They now have a buy rating on the stock. Separately, analysts at Dundee Securities raised their price target on shares of Timmins Gold Corp from C$2.00 to C$2.25 in a research note on Tuesday, June 24th. They now have a buy rating on the stock. Finally, analysts at Scotiabank reiterated a sector perform rating on shares of Timmins Gold Corp in a research note on Friday, May 30th. They now have a C$2.25 price target on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Timmins Gold Corp currently has a consensus rating of Buy and a consensus price target of $2.27.

Timmins Gold Corp. (NYSE:TGD) is a gold mining and exploration company.