Timmins Gold Corp (TGD) was Upgraded by RBC Capital Mkts to ” Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 1 from a previous price target of $0.70 . Earlier the firm had a rating of “Underperform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on Aug 19, 2016.
Timmins Gold Corp closed down -0.0153 points or -2.81% at $0.529 with 31,67,507 shares getting traded on Wednesday. Post opening the session at $0.53, the shares hit an intraday low of $0.4868 and an intraday high of $0.5317 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.