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Enter Symbol
or Name
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Timmins Gold Corp
Symbol TMM
Shares Issued 284,985,482
Close 2015-09-03 C$ 0.34
Market Cap C$ 96,895,064
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Taylor downgrades Timmins to hold

2015-09-03 21:11 ET - In the News

Jay Taylor, in the Aug. 12, 2015, edition of Gold, Energy & Tech Stocks, downgrades Timmins Gold Corp. (recently 41.5 cents) to a hold from a buy. Mr. Taylor said buy five times between Sept. 15, 2006, and Jan. 15, 2010, at prices ranging from 32 cents to $1.28. Within that period, he twice said take some profits -- perhaps sell half -- at 70 cents and 75 cents. Assuming a $1,000 investment for each of the five buys, the two half sales yielded profits of $578 and $651, respectively. On July 7, 2010, Mr. Taylor said sell the remaining position at $1.25, yielding a $3,307 profit. He then said buy five more times between June 21, 2011, and Feb. 13, 2015, at prices ranging from $1.18 to $2.30. Assuming a $1,000 investment for each of the five new buys, the $5,000 position is now worth $1,231. Mr. Taylor says Timmins has been an underperformer over the past few years. Although its acquisition of Newstrike Capital Inc. and an underground pilot plant at its San Francisco mine in Mexico seem to offer promising upside, they also bring additional risks. The company may still do well in the end, but for now Mr. Taylor is putting it on hold to see how the acquisitions work out.

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