RBC Capital Upgrades Timmins Gold Corp to Sector Perform

Brokerage firm RBC Capital Upgrades its rating on Timmins Gold Corp(NYSEMKT:TGD). The shares have been rated Sector Perform. Previously, the analysts had a Underperform rating on the shares. The rating by RBC Capital was issued on Aug 19, 2016.

Timmins Gold Corp (TGD) made into the market gainers list on Mondays trading session with the shares advancing 1.05% or 0.005 points. Due to strong positive momentum, the stock ended at $0.479, which is also near the day’s high of $0.49. The stock began the session at $0.4809 and the volume stood at 12,50,381 shares. The 52-week high of the shares is $0.6281 and the 52 week low is $0.0721. The company has a current market capitalization of $153 M and it has 31,92,28,600 shares in outstanding.

Timmins Gold Corp(TGD) last announced its earnings results on Aug 12, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $33.10M. Analysts had an estimated revenue of $27.54M. Earnings per share were $0.02. Analysts had estimated an EPS of $0.01.

Timmins Gold Corp. is a gold producer engaged in the operation development exploration and acquisition of resource properties in Mexico. The Company owns and operates the Mine in the state of Sonora Mexico. The Mine and the La Chicharra pit are collectively known as the Gold Property. The Company has title to approximately 200000 hectares of exploration claims in and around the Gold Property. The Company also has title to the Timmins Goldcorp Mexico claims located in the state of Zacatecas Mexico. The Company also holds 100.0% of the Caballo Blanco gold project which is an advanced stage open pit heap leach gold project located 65 kilometers Northwest of Veracruz Mexico. The project consists of two large areas of epithermal gold mineralization the Northern Zone and the Highway Zone contained within 13 mineral concessions covering over 54000 hectares.

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