Trade Report: Today: Timmins Gold Corp. (TMM) Receives “Outperform” Rating from Scotiabank

Today: Timmins Gold Corp. (TMM) Receives “Outperform” Rating from Scotiabank

Scotiabank reiterated their outperform rating on shares of Timmins Gold Corp. (TSE:TMM) in a report released on Friday morning. Scotiabank currently has a C$1.00 price target on the stock.

A number of other research analysts also recently issued reports on TMM. National Bank Financial boosted their target price on shares of Timmins Gold Corp. from C$0.65 to C$0.90 in a research report on Wednesday, July 13th. TD Securities boosted their target price on shares of Timmins Gold Corp. from C$0.75 to C$0.80 and gave the company a speculative buy rating in a research report on Friday, July 15th. Beacon Securities reiterated a buy rating on shares of Timmins Gold Corp. in a research report on Friday, July 29th. Finally, RBC Capital Markets upgraded shares of Timmins Gold Corp. from an underperform rating to a sector perform rating and boosted their target price for the company from C$0.70 to C$1.00 in a research report on Friday, August 19th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of C$0.70.

Shares of Timmins Gold Corp. (TSE:TMM) traded up 1.61% on Friday, hitting $0.63. 63,223 shares of the stock were exchanged. The stock’s market cap is $201.11 million. Timmins Gold Corp. has a 1-year low of $0.10 and a 1-year high of $0.80. The stock’s 50-day moving average is $0.62 and its 200-day moving average is $0.53.

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