Timmons Gold Corp (TGD) has risen sharply, recording gains of 6.58% in the past 4 weeks. However, the stock has corrected -6.44% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.17% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Timmins Gold Corp. is up 67.77% in the last 3-month period. Year-to-Date the stock performance stands at 276.88%. The stock has recorded a 20-day Moving Average of 2% and the 50-Day Moving Average is 15.05%.
Timmons Gold Corp (NYSEMKT:TGD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.52 and $0.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.52, notching a gain of 0.46% for the day. The total traded volume was 1,689,624 . The stock had closed at $0.52 on the previous day.
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.
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.