Short Interest Alert: It Seems Timmins Gold Corporation (NYSEMKT:TGD) Will Go Up. Just Reported Less Shorted Shares

November 17, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest Alert: It Seems Timmins Gold Corporation (NYSEMKT:TGD) Will Go Up. Just Reported Less Shorted Shares

The stock of Timmins Gold Corporation (NYSEMKT:TGD) registered a decrease of 17.98% in short interest. TGD’s total short interest was 621,100 shares in November as published by FINRA. Its down 17.98% from 757,300 shares, reported previously. With 1.24M shares average volume, it will take short sellers 1 days to cover their TGD’s short positions. The short interest to Timmins Gold Corporation’s float is 0.22%. About 335,784 shares traded hands. Timmins Gold Corp (NYSEMKT:TGD) has risen 12.50% since April 15, 2016 and is uptrending. It has outperformed by 7.88% the S&P500.

Timmins Gold Corp. is a Canada-based gold producer engaged in the operation, development, exploration and acquisition of resource properties in Mexico through its subsidiaries, Timmins Goldcorp Mexico, S.A. de C.V. and Molimentales del Noroeste, S.A. de C.V. . The company has a market cap of $114.92 million. MdN owns the San Francisco Mine in Sonora, Mexico. It has a 3.73 P/E ratio. MdN also owns the Caballo Blanco Property, an exploration and evaluation asset in Veracruz, Mexico.

Timmins Gold Corp (NYSEMKT:TGD) Ratings Coverage

Out of 2 analysts covering Timmins Gold (NYSEMKT:TGD), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Timmins Gold has been the topic of 3 analyst reports since November 4, 2015 according to StockzIntelligence Inc. RBC Capital Markets upgraded the stock to “Sector Perform” rating in Friday, August 19 report. Numis Securities downgraded the stock to “Hold” rating in Monday, November 23 report. As per Wednesday, November 4, the company rating was downgraded by RBC Capital Markets.

More recent Timmins Gold Corp (NYSEMKT:TGD) news were published by: Marketwired.com which released: “Timmins Gold Corp. Announces C$20 Million Bought Deal Offering of Units” on November 10, 2016. Also Seekingalpha.com published the news titled: “Timmins Gold Corp. – A 96% Growth Potential Ahead” on August 31, 2016. Reuters.com‘s news article titled: “BRIEF-Timmins Gold Corp announces C$20 million bought deal offering of uni…” with publication date: November 10, 2016 was also an interesting one.

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By Winifred Garcia


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