Timmins Gold Corp. (TSE:TMM) (NYSE:TGD) received a C$0.75 price objective from equities research analysts at Scotiabank in a research note issued on Thursday. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential upside of 74.42% from the company’s current price.
Several other brokerages have also weighed in on TMM. TD Securities cut their price target on Timmins Gold Corp. from C$1.25 to C$1.15 and set a “buy” rating for the company in a research note on Tuesday, December 6th. BMO Capital Markets cut their price target on Timmins Gold Corp. from C$0.65 to C$0.45 in a research note on Thursday, December 1st. Finally, National Bank Financial initiated coverage on Timmins Gold Corp. in a research note on Monday, December 5th. They issued an “outperform” rating and a C$0.80 price target for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of C$0.71.
Timmins Gold Corp. (TSE:TMM) traded up 2.33% during midday trading on Thursday, hitting $0.44. The stock had a trading volume of 1,887,097 shares. Timmins Gold Corp. has a 12-month low of $0.10 and a 12-month high of $0.80. The firm has a 50-day moving average of $0.44 and a 200-day moving average of $0.57. The company has a market cap of $140.46 million and a PE ratio of 9.36.