Lots of targets are getting cut but on tmm this is Cannacords take...

Canaccord’s revised view of the commodities resulted in several changes to its outlook on equities. They are:

Timmins Gold Corp. : Downgraded to “sell” from “hold,” with the price targetcut by 40 cents to $2.20. In addition to the revised gold and silver outlook,the action was tied to low gold recoveries and the possibility the company mayrequire new debt or equity.

h