Timmins Gold Corp. (TSE:TMM) target price bumped up to $1.00, issued a research note today by Scotia Capital
- Updated: October 14, 2016
Just yesterday Timmins Gold Corp. (TSE:TMM) traded -1.59% lower at $0.62. The company’s 50-day average is $0.62 and its two hundred day average is $0.52. The last closing price is up 18.38% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Trading volume was down over the average, with 310,413 shares of TMM changing hands under the typical 1,216,780
Timmins Gold Corp. (TSE:TMM) had its target price raised to $1.00 by Scotia Capital in a report issued 10/14/2016. The new stock price target implies a potential upside of 0.61% based on the company's last closing price.
Previously on 8/16/2016, Scotia Capital released a statement on Timmins Gold Corp. (TSE:TMM) upped the target price from $0.55 to $0.75 that suggested an upside of 0.07%.
Recent Performance Chart
Timmins Gold Corp. has a with a one year low of $0.10 and a one year high of $0.80 TMM’s total market value is presently $0.
Also covering Timmins Gold Corp.'s target, a total of 8 equity analysts have released a research note on TMM. The one year target price is $0.71 with 0 firms rating the stock a strong buy, 5 brokers rating the stock a buy, two analysts rating the company a hold, one brokerage rating the company a underperform, and lastly zero brokers rating the stock a sell.
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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