Timmins Gold Corp. (TGD) was a big mover last session with shares rising nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the past one month’s volatile price range of $1.42 to $1.59.
This mining company has witnessed two positive estimate revisions in the last 30 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.
Timmins Gold currently holds a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Investors interested in the mining industry may consider better-ranked stocks like AngloGold Ashanti Ltd. (AU), NovaGold Resources Inc. (NG) and Richmont Mines Inc. (RIC). While AngloGold sports a Zacks Rank #1 (Strong Buy), NovaGold and Richmont Mines bear a Zacks Rank #2 (Buy).
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