Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) was upgraded by research analysts at Scotiabank from an “underperform” rating to a “sector perform” rating in a report released on Tuesday, March 6th, The Fly reports.
Other research analysts have also issued research reports about the stock. Cantor Fitzgerald started coverage on shares of Taseko Mines in a research report on Friday, January 26th. They issued a “buy” rating for the company. Zacks Investment Research lowered shares of Taseko Mines from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $2.50.
Taseko Mines (TGB) traded down $0.01 during midday trading on Tuesday, hitting $1.41. 153,645 shares of the company traded hands, compared to its average volume of 1,086,319. Taseko Mines has a twelve month low of $1.00 and a twelve month high of $2.46. The company has a market capitalization of $341.30, a PE ratio of 11.83 and a beta of 2.62.
Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) last released its earnings results on Wednesday, February 21st. The mining company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.10). Taseko Mines had a negative net margin of 7.97% and a negative return on equity of 8.19%. The company had revenue of $95.40 million during the quarter, compared to the consensus estimate of $89.30 million. During the same quarter in the previous year, the business posted $0.07 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis.
A number of large investors have recently bought and sold shares of TGB. Acadian Asset Management LLC increased its holdings in shares of Taseko Mines by 65.1% during the fourth quarter. Acadian Asset Management LLC now owns 8,643,207 shares of the mining company’s stock worth $20,140,000 after buying an additional 3,407,837 shares in the last quarter. Hillsdale Investment Management Inc. increased its holdings in shares of Taseko Mines by 358.3% during the third quarter. Hillsdale Investment Management Inc. now owns 3,718,800 shares of the mining company’s stock worth $6,979,000 after buying an additional 2,907,300 shares in the last quarter. Greystone Managed Investments Inc. increased its holdings in shares of Taseko Mines by 39.6% during the third quarter. Greystone Managed Investments Inc. now owns 3,653,450 shares of the mining company’s stock worth $6,836,000 after buying an additional 1,037,300 shares in the last quarter. OxFORD Asset Management LLP acquired a new stake in shares of Taseko Mines during the third quarter worth approximately $1,175,000. Finally, Alliancebernstein L.P. increased its holdings in shares of Taseko Mines by 396.5% during the fourth quarter. Alliancebernstein L.P. now owns 705,641 shares of the mining company’s stock worth $1,644,000 after buying an additional 563,521 shares in the last quarter.
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About Taseko Mines
Taseko Mines Limited is a mining company. The Company is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada and the State of Arizona, the United States. Its projects represent a range of metals, including gold, copper and niobium.
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