Taseko Mines (NYSE:TGB) Stock Price Up 3.1%

Shares of Taseko Mines Limited (NYSE:TGBGet Free Report) rose 3.1% during mid-day trading on Friday . The company traded as high as $2.38 and last traded at $2.33. Approximately 911,408 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 2,604,212 shares. The stock had previously closed at $2.26.

Wall Street Analysts Forecast Growth

TGB has been the subject of a number of research reports. TD Securities increased their price target on shares of Taseko Mines from $3.25 to $3.50 and gave the stock a “buy” rating in a research note on Tuesday, March 26th. TheStreet raised shares of Taseko Mines from a “d” rating to a “c” rating in a research note on Thursday, March 14th. Finally, Stifel Nicolaus initiated coverage on shares of Taseko Mines in a research note on Tuesday, March 26th. They issued a “buy” rating for the company.

Check Out Our Latest Report on TGB

Taseko Mines Stock Up 4.0 %

The stock’s 50 day simple moving average is $2.57 and its two-hundred day simple moving average is $1.89. The firm has a market cap of $685.03 million, a P/E ratio of 19.50 and a beta of 1.79. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.97 and a quick ratio of 1.11.

Taseko Mines (NYSE:TGBGet Free Report) last announced its earnings results on Wednesday, May 1st. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. Taseko Mines had a net margin of 17.37% and a return on equity of 11.44%. The business had revenue of $109.00 million during the quarter, compared to the consensus estimate of $91.89 million. As a group, research analysts forecast that Taseko Mines Limited will post 0.14 earnings per share for the current year.

Institutional Investors Weigh In On Taseko Mines

A number of institutional investors have recently made changes to their positions in TGB. Tidal Investments LLC purchased a new stake in shares of Taseko Mines during the first quarter valued at approximately $3,508,000. Anthracite Investment Company Inc. purchased a new stake in shares of Taseko Mines during the fourth quarter valued at approximately $2,077,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Taseko Mines by 22.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,620,259 shares of the company’s stock valued at $10,668,000 after buying an additional 1,394,848 shares during the last quarter. Acuitas Investments LLC grew its holdings in shares of Taseko Mines by 36.0% during the fourth quarter. Acuitas Investments LLC now owns 2,141,258 shares of the company’s stock valued at $2,998,000 after buying an additional 566,414 shares during the last quarter. Finally, Herr Investment Group LLC bought a new stake in shares of Taseko Mines during the 1st quarter valued at $326,000. Hedge funds and other institutional investors own 17.94% of the company’s stock.

Taseko Mines Company Profile

(Get Free Report)

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.

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