Taseko Mines Limited (NYSEAMERICAN:TGB – Get Rating) (TSE:TKO) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $1.08. Taseko Mines shares last traded at $1.04, with a volume of 919,309 shares trading hands.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. BMO Capital Markets dropped their price target on shares of Taseko Mines from C$3.50 to C$3.25 in a research report on Friday, May 6th. National Bank Financial dropped their target price on shares of Taseko Mines from C$1.85 to C$1.75 in a research report on Tuesday, July 19th. Stifel Nicolaus dropped their target price on shares of Taseko Mines from C$3.40 to C$2.50 in a research report on Tuesday, July 19th. Scotiabank dropped their target price on shares of Taseko Mines from C$3.00 to C$2.00 in a research report on Thursday, July 7th. Finally, TD Securities dropped their target price on shares of Taseko Mines from C$3.75 to C$3.25 in a research report on Friday, May 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $2.69.
Get Taseko Mines alerts:Taseko Mines Stock Performance
The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.49 and a current ratio of 3.26. The company has a market capitalization of $297.83 million, a price-to-earnings ratio of 10.40 and a beta of 2.21.
Taseko Mines (NYSEAMERICAN:TGB – Get Rating) (TSE:TKO) last posted its quarterly earnings results on Wednesday, May 4th. The mining company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). Taseko Mines had a return on equity of 13.48% and a net margin of 8.46%. The business had revenue of $93.42 million for the quarter. Equities analysts forecast that Taseko Mines Limited will post 0.23 EPS for the current fiscal year.Institutional Investors Weigh In On Taseko Mines
Several institutional investors and hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC boosted its stake in shares of Taseko Mines by 14.9% in the 1st quarter. HighTower Advisors LLC now owns 77,196 shares of the mining company's stock valued at $176,000 after purchasing an additional 10,000 shares in the last quarter. Toronto Dominion Bank lifted its position in Taseko Mines by 58.1% during the 4th quarter. Toronto Dominion Bank now owns 32,103 shares of the mining company's stock worth $66,000 after buying an additional 11,803 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Taseko Mines during the 4th quarter worth about $30,000. Shepherd Kaplan Krochuk LLC lifted its position in Taseko Mines by 11.6% during the 4th quarter. Shepherd Kaplan Krochuk LLC now owns 160,000 shares of the mining company's stock worth $328,000 after buying an additional 16,620 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new position in Taseko Mines during the 1st quarter worth about $41,000. Institutional investors and hedge funds own 20.95% of the company's stock.
About Taseko Mines
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Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds 75% interest in the Gibraltar mine located in British Columbia. It also holds 100% interest in 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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