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Scotia Capital issued a report on Timmins Gold Corp. (TSE:TMM), hiking its stock price target to $0.75 earlier today

Timmins Gold Corp. (TSE:TMM) had its estimated target price bumped up to $1 by Scotia Capital in a report announced 8/16/2016. The latest target price implies a possible upside of 0.07% from the bussiness’ last stock close price.

Previously on Friday July 15 2016, TD Securities reported on Timmins Gold Corp.(TSE:TMM) bumped the target price from $0.75 to $0.80 that indicated a possible upside of 0.14%.

Displaying a price of $0.70, Timmins Gold Corp. (TSE:TMM) traded 1.54% lower on the day. The last close is up 31.64% relative to the 200-day moving average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the date range. TMM has recorded a 50-day average of $0.66 and two hundred day moving average of $0.49. Trading volume was was down over the average, with 620,205 shares of TMM changing hands under the typical 1,358,820 shares.

See Graph Below:

Timmins Gold Corp. (TSE:TMM)

With a market cap of $0.0, Timmins Gold Corp. has a 52 week low of $0.11 and a 52 week high of $0.80 with a price-earnings ratio of 0.

In addition to Scotia Capital reporting it’s target price, a total of 7 brokers have issued a ratings update on Timmins Gold Corp.. The one year target is $0.74 with 0 rating the company a strong buy, 0 rating the stock a buy, 0 firms rating the stock a hold, 0 rating the stock to underperform, and finally 0 analystsrating the stock as sell.

General Information 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, and 180 kilometers from Mexico City.

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