The Timmons Gold Corp. (TGD) Downgraded by Zacks Investment Research to Sell

The Timmons Gold Corp. (TGD) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research lowered shares of Timmons Gold Corp. (NYSEMKT:TGD) from a hold rating to a sell rating in a research report report published on Thursday.

According to Zacks, “Timmins Gold Corp. is a gold mining and exploration company in Mexico. The Company owns and operates the San Francisco Gold Mine in Sonora State. Timmins Gold Corp. is based in Vancouver, Canada. “

A number of other brokerages have also recently issued reports on TGD. Royal Bank Of Canada raised shares of Timmons Gold Corp. from an underperform rating to a sector perform rating and boosted their target price for the company from $0.70 to $1.00 in a research report on Friday, August 19th. RBC Capital Markets raised shares of Timmons Gold Corp. from an underperform rating to a sector perform rating and boosted their target price for the company from $0.70 to $1.00 in a research report on Friday, August 19th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $0.70.

Shares of Timmons Gold Corp. (NYSEMKT:TGD) traded up 0.473% during midday trading on Thursday, hitting $0.425. 526,883 shares of the company were exchanged. The company has a 50-day moving average of $0.48 and a 200 day moving average of $0.40. Timmons Gold Corp. has a one year low of $0.07 and a one year high of $0.63. The company’s market capitalization is $135.67 million.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can acquired a new position in shares of Timmons Gold Corp. during the second quarter valued at approximately $211,000. Renaissance Technologies LLC increased its position in shares of Timmons Gold Corp. by 27.8% in the first quarter. Renaissance Technologies LLC now owns 2,898,700 shares of the company’s stock valued at $657,000 after buying an additional 630,500 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new position in shares of Timmons Gold Corp. during the second quarter valued at approximately $867,000.

Timmons Gold Corp. Company Profile

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