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BMO Capital Markets announced Timmins Gold Corp. (TSE:TMM), scaling down its target to $0.45 earlier today

BMO Capital Markets bumped down the target of Timmins Gold Corp. (TSE:TMM) to $0.45 stating a potential upside of 0.05%.

Boasting a price of $0.43, Timmins Gold Corp. (TSE:TMM) traded -2.25% lower on the day. With the last stock price close down -22.62% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Timmins Gold Corp. has recorded a 50-day average of $0.57 and a two hundred day average of $0.56. Volume of trade was down over the average, with 591,338 shares of TMM changing hands under the typical 923,733

Performance Chart

Timmins Gold Corp. (TSE:TMM)

With a total market value of $0, Timmins Gold Corp. has price-earnings ratio of 9.26 with a one year low of $0.11 and a one year high of $0.80 .

A total of 7 analysts have released a report on Timmins Gold Corp.. zero analysts rating the company a strong buy, five analysts rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $0.76.

About Timmins Gold Corp. (TSE:TMM)

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, S.A. de C.V. and Molimentales del Noroeste, S.A. de C.V. (MdN). MdN owns the San Francisco Mine in Sonora, Mexico. MdN also owns the Caballo Blanco Property, an exploration and evaluation asset in Veracruz, Mexico. The Mine and the La Chicharra pit are collectively known as the Gold Property. The Company also holds the Ana Paula gold project, which is an advanced stage development project in the Guerrero Gold Belt. The Guerrero Gold Belt project consists of over two claims totaling approximately 4,200 hectares at the north-west end of the Guerrero Gold Belt, with approximately 38,000 additional hectares in the surrounding area. Ana Paula is located in the north central part of the State of Guerrero in southern Mexico, 180 kilometers from Mexico City.

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