Taseko Mines Limited (NYSE:TGB) Receives Consensus Rating of “Buy” from Analysts

Shares of Taseko Mines Limited (NYSE:TGB) have been assigned a consensus rating of “Buy” from the four analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $3.50.

A number of brokerages recently issued reports on TGB. National Bank Financial upgraded shares of Taseko Mines from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 10th. StockNews.com cut shares of Taseko Mines from a “hold” rating to a “sell” rating in a research report on Friday, February 21st.

Institutional Investors Weigh In On Taseko Mines

Institutional investors have recently modified their holdings of the business. Bank of Montreal Can grew its position in shares of Taseko Mines by 296.8% during 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 during the period. Dakota Wealth Management boosted its stake in Taseko Mines by 1.5% during the 3rd quarter. Dakota Wealth Management now owns 457,939 shares of the company’s stock worth $1,154,000 after acquiring an additional 6,973 shares during the last quarter. Barclays PLC boosted its stake in Taseko Mines by 353.3% during the 3rd quarter. Barclays PLC now owns 79,323 shares of the company’s stock worth $200,000 after acquiring an additional 61,823 shares during the last quarter. Aigen Investment Management LP bought a new position in Taseko Mines during the 3rd quarter worth approximately $199,000. Finally, Centiva Capital LP boosted its stake in Taseko Mines by 125.9% during the 3rd quarter. Centiva Capital LP now owns 196,072 shares of the company’s stock worth $494,000 after acquiring an additional 109,284 shares during the last quarter. Institutional investors and hedge funds own 17.94% of the company’s stock.

Taseko Mines Trading Down 7.1 %

Shares of Taseko Mines stock opened at $2.09 on Friday. The stock has a market capitalization of $636.77 million, a P/E ratio of -69.67 and a beta of 1.70. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48. The company has a 50-day simple moving average of $2.03 and a 200 day simple moving average of $2.15. Taseko Mines has a 12-month low of $1.47 and a 12-month high of $3.15.

Taseko Mines Company Profile

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.