Timmins Gold Corp (NYSE:TGD)‘s stock had its “hold” rating restated by equities research analysts at BMO Capital Markets in a research note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. They currently have a $3.00 target price on the stock. BMO Capital Markets’ price objective suggests a potential upside of 34.53% from the stock’s previous close.
Shares of Timmins Gold Corp (NYSE: TGD) traded down 4.04% during mid-day trading on Wednesday, hitting $2.14. Timmins Gold Corp has a one year low of $1.58 and a one year high of $3.47. The stock’s 50-day moving average is currently $2.38. The company has a market cap of $308.3 million and a P/E ratio of 7.19.
Timmins Gold Corp (NYSE:TGD) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.02. Analysts expect that Timmins Gold Corp will post $0.28 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity cut their price target on shares of Timmins Gold Corp from C$2.25 to C$2.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Timmins Gold Corp in a research note to investors on Wednesday, July 10th. They now have a $3.50 price target on the stock. Finally, analysts at Scotiabank cut their price target on shares of Timmins Gold Corp from $3.75 to $3.00 in a research note to investors on Monday, July 8th.
Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $3.39.