Taseko Mines (NYSEAMERICAN:TGB – Get Rating) (TSE:TKO) had its price objective lowered by BMO Capital Markets from C$2.75 to C$2.50 in a research report released on Tuesday, The Fly reports.
Other equities research analysts have also issued reports about the stock. Scotiabank cut their target price on shares of Taseko Mines from C$3.00 to C$2.00 in a report on Thursday, July 7th. Stifel Nicolaus lowered their price objective on shares of Taseko Mines from C$3.40 to C$2.50 in a research report on Tuesday, July 19th. TD Securities lowered their price objective on shares of Taseko Mines from C$3.75 to C$3.25 in a research report on Friday, May 6th. Finally, National Bank Financial lowered their price objective on shares of Taseko Mines from C$1.85 to C$1.75 in a research report on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $2.56.
Get Taseko Mines alerts:Taseko Mines Stock Performance
Shares of NYSEAMERICAN TGB opened at $1.15 on Tuesday. Taseko Mines has a fifty-two week low of $0.89 and a fifty-two week high of $2.41. The company has a market capitalization of $329.33 million, a P/E ratio of 11.50 and a beta of 2.21. The company has a current ratio of 3.26, a quick ratio of 2.49 and a debt-to-equity ratio of 1.43.
Institutional Trading of Taseko Mines
Hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC raised its stake in Taseko Mines by 14.9% in the 1st quarter. HighTower Advisors LLC now owns 77,196 shares of the mining company's stock worth $176,000 after purchasing an additional 10,000 shares in the last quarter. Toronto Dominion Bank raised its stake in Taseko Mines by 58.1% in the 4th quarter. Toronto Dominion Bank now owns 32,103 shares of the mining company's stock worth $66,000 after purchasing an additional 11,803 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Taseko Mines in the 4th quarter worth about $30,000. Shepherd Kaplan Krochuk LLC raised its stake in Taseko Mines by 11.6% in the 4th quarter. Shepherd Kaplan Krochuk LLC now owns 160,000 shares of the mining company's stock worth $328,000 after purchasing an additional 16,620 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new stake in Taseko Mines in 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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