Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) has been given a consensus recommendation of “Buy” by the six research firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.
Several equities analysts have recently issued reports on the company. Scotiabank upgraded Taseko Mines from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, March 6th. Zacks Investment Research cut Taseko Mines from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Finally, Cantor Fitzgerald assumed coverage on Taseko Mines in a research note on Friday, January 26th. They issued a “buy” rating for the company.
Shares of TGB stock traded down $0.02 during trading on Friday, reaching $1.33. The company had a trading volume of 369,295 shares, compared to its average volume of 1,072,033. Taseko Mines has a 12 month low of $1.00 and a 12 month high of $2.46. The stock has a market cap of $341.30, a PE ratio of 11.08 and a beta of 2.62.
Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) last announced its earnings results on Wednesday, February 21st. The mining company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $95.40 million for the quarter, compared to analysts’ expectations of $89.30 million. During the same quarter last year, the business earned $0.07 earnings per share. The business’s revenue was up .8% compared to the same quarter last year.
A number of hedge funds have recently bought and sold shares of TGB. Acadian Asset Management LLC increased its position in 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 during the period. Hillsdale Investment Management Inc. increased its holdings in shares of Taseko Mines by 358.3% in the third quarter. Hillsdale Investment Management Inc. now owns 3,718,800 shares of the mining company’s stock valued at $6,979,000 after purchasing an additional 2,907,300 shares during the period. Greystone Managed Investments Inc. increased its holdings in shares of Taseko Mines by 39.6% in the third quarter. Greystone Managed Investments Inc. now owns 3,653,450 shares of the mining company’s stock valued at $6,836,000 after purchasing an additional 1,037,300 shares during the period. OxFORD Asset Management LLP acquired a new position in shares of Taseko Mines in the third quarter valued at approximately $1,175,000. Finally, Alliancebernstein L.P. increased its holdings in shares of Taseko Mines by 396.5% in the fourth quarter. Alliancebernstein L.P. now owns 705,641 shares of the mining company’s stock valued at $1,644,000 after purchasing an additional 563,521 shares during the period.
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Taseko Mines Company Profile
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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