Taseko Mines Limited (NYSE:TGB) Given Consensus Rating of “Buy” by Analysts

Shares of Taseko Mines Limited (NYSE:TGB) have received an average rating of “Buy” from the four ratings firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $3.50.

A number of analysts have weighed in on the stock. StockNews.com raised shares of Taseko Mines from a “sell” rating to a “hold” rating in a report on Wednesday, December 11th. National Bank Financial upgraded shares of Taseko Mines from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 10th.

Institutional Investors Weigh In On Taseko Mines

Institutional investors and hedge funds have recently bought and sold shares of the business. Tidal Investments LLC lifted its stake in Taseko Mines by 82.3% during the third quarter. Tidal Investments LLC now owns 13,693,081 shares of the company’s stock worth $34,507,000 after purchasing an additional 6,182,981 shares during the period. Bank of Montreal Can raised its holdings in shares of Taseko Mines by 296.8% in the 3rd quarter. Bank of Montreal Can now owns 3,160,574 shares of the company’s stock worth $8,225,000 after buying an additional 2,364,116 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Taseko Mines by 14.7% during the 2nd quarter. Renaissance Technologies LLC now owns 5,904,270 shares of the company’s stock worth $14,465,000 after buying an additional 755,192 shares during the period. American Century Companies Inc. boosted its stake in Taseko Mines by 752.2% in the 2nd quarter. American Century Companies Inc. now owns 703,954 shares of the company’s stock valued at $1,734,000 after buying an additional 621,352 shares in the last quarter. Finally, ClariVest Asset Management LLC bought a new stake in Taseko Mines in the second quarter valued at $1,192,000. Institutional investors own 17.94% of the company’s stock.

Taseko Mines Price Performance

NYSE TGB opened at $2.10 on Friday. The stock has a 50-day simple moving average of $2.06 and a 200 day simple moving average of $2.21. Taseko Mines has a twelve month low of $1.27 and a twelve month high of $3.15. The stock has a market capitalization of $639.53 million, a PE ratio of 11.05 and a beta of 1.72. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.05 and a current ratio of 1.71.

Taseko Mines (NYSE:TGB) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The business had revenue of $114.08 million for the quarter, compared to analyst estimates of $112.48 million. Taseko Mines had a return on equity of 15.25% and a net margin of 12.69%. Research analysts anticipate that Taseko Mines will post 0.14 EPS for the current year.

About Taseko Mines

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company’s principal asset comprises 100% interest owned the Gibraltar mine located in British Columbia. It also holds interest in the Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.