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

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

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of Taseko Mines from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. National Bank Financial raised shares of Taseko Mines from a “sector perform” rating to an “outperform” rating in a research note on Tuesday.

Institutional Trading of Taseko Mines

A number of hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC grew its position in Taseko Mines by 82.3% during the 3rd quarter. Tidal Investments LLC now owns 13,693,081 shares of the company’s stock valued at $34,507,000 after purchasing an additional 6,182,981 shares during the last quarter. Barclays PLC grew its holdings in Taseko Mines by 353.3% during the third quarter. Barclays PLC now owns 79,323 shares of the company’s stock valued at $200,000 after purchasing an additional 61,823 shares during the period. Toronto Dominion Bank increased its stake in shares of Taseko Mines by 2,033.2% in the third quarter. Toronto Dominion Bank now owns 52,242 shares of the company’s stock worth $132,000 after purchasing an additional 49,793 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Taseko Mines in the 3rd quarter worth approximately $223,000. Finally, Quantinno Capital Management LP purchased a new position in shares of Taseko Mines during the third quarter valued at about $38,000. 17.94% of the stock is owned by institutional investors.

Taseko Mines Price Performance

Shares of NYSE TGB traded up $0.05 during mid-day trading on Tuesday, reaching $2.14. 559,026 shares of the company were exchanged, compared to its average volume of 2,977,174. The stock has a market capitalization of $651.16 million, a PE ratio of 11.13 and a beta of 1.72. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48. Taseko Mines has a 52 week low of $1.14 and a 52 week high of $3.15. The company’s 50 day moving average price is $2.26 and its 200 day moving average price is $2.30.

Taseko Mines (NYSE:TGB) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). Taseko Mines had a return on equity of 15.25% and a net margin of 12.69%. The company had revenue of $114.08 million during the quarter, compared to analysts’ expectations of $112.48 million. Sell-side analysts forecast that Taseko Mines will post 0.16 earnings per share for the current fiscal 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.