Timmons Gold Corp (TGD) : 3 analysts are covering Timmons Gold Corp (TGD) and their average rating on the stock is 1.67, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Brokerage firm RBC Capital upgrades its rating on Timmons Gold Corp (NYSEMKT:TGD). The shares have been rated Sector Perform. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on August 19, 2016.
Timmons Gold Corp (NYSEMKT:TGD): After opening at $0.479, the stock dipped to an intraday low of $0.4605 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $0.5033 and the buying power remained strong till the end. The stock closed at $0.4902 for the day, a gain of 2.13% for the day session. The total traded volume was 755,414. The stocks close on the previous trading day was $0.48.
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 200,000 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 54,000 hectares.