Philip Ker, PI Financial (12/13/12) "Timmins Gold Corp. offers considerable upside as it expands and grows its earnings and production profile. . .we are initiating coverage of the company with a target price of $3.90 and a Buy recommendation, which represents a potential 24% return to investors. As a current gold producer in one of the world's largest mineralized precious metal belts with consistent operations and positive cash flows, we believe it justifies a Buy recommendation."