Timmins Gold (TGD) Catches Eye: Stock Rises 5.2%

GOLD

Timmins Gold Corp. was a big mover last session, as its shares rose over 5% on the day. The rally came on the back of impressive preliminary gold production results for the second quarter of 2016. This also led to far more shares changing hands than in a normal session. Yesterday’s rally breaks the trend for the company since Jul 5, as the stock is now trading above the volatile price range of $0.41 to $0.45 in the past one-month time frame.

Over the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Timmins Gold currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked gold-mining stock is Randgold Resources Limited (GOLD - Free Report) with a Zacks Rank #1 (Strong Buy).

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