GMP Securities Downgrades Timmins Gold Corp (TGD) to Reduce

Timmins Gold Corp (NYSE:TGD) (TSE:TMM) was downgraded by analysts at GMP Securities from a “hold” rating to a “reduce” rating in a research note issued to investors on Monday. They presently have a $1.50 price target on the basic materials company’s stock, down from their prior price target of $2.25.

Separately, Canaccord Genuity reduced their target price on Timmins Gold Corp from $2.10 to $1.90 in a report on Monday.

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An institutional investor recently bought a new position in Timmins Gold Corp stock. FMR LLC bought a new position in shares of Timmins Gold Corp (NYSE:TGD) (TSE:TMM) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 371,500 shares of the basic materials company’s stock, valued at approximately $140,000. FMR LLC owned approximately 0.10% of Timmins Gold Corp as of its most recent filing with the SEC.

Timmins Gold Corp Company Profile

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, SA de C.V. and Molimentales del Noroeste, SA de C.V. (MdN). MdN owns the San Francisco Mine in Sonora, Mexico.

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