Taseko Mines (NYSE:TGB) Upgraded to “Outperform” at National Bank Financial

National Bank Financial upgraded shares of Taseko Mines (NYSE:TGB) from a sector perform rating to an outperform rating in a report published on Tuesday morning, MarketBeat Ratings reports.

Separately, StockNews.com downgraded Taseko Mines from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Taseko Mines presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.50.

Taseko Mines Stock Performance

Shares of TGB opened at $2.12 on Tuesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05. The firm has a 50-day moving average of $2.26 and a 200-day moving average of $2.30. The company has a market cap of $644.07 million, a PE ratio of 11.13 and a beta of 1.72. Taseko Mines has a one year low of $1.14 and a one year high of $3.15.

Taseko Mines (NYSE:TGB) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Taseko Mines had a return on equity of 15.25% and a net margin of 12.69%. The business had revenue of $114.08 million for the quarter, compared to analyst estimates of $112.48 million. As a group, equities analysts forecast that Taseko Mines will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On Taseko Mines

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dakota Wealth Management boosted its stake in Taseko Mines by 1.5% in the 3rd quarter. Dakota Wealth Management now owns 457,939 shares of the company’s stock valued at $1,154,000 after purchasing an additional 6,973 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in shares of Taseko Mines by 7.3% during the third quarter. Dynamic Advisor Solutions LLC now owns 103,682 shares of the company’s stock worth $261,000 after buying an additional 7,070 shares in the last quarter. Signaturefd LLC boosted its position in shares of Taseko Mines by 21.9% in the third quarter. Signaturefd LLC now owns 46,808 shares of the company’s stock valued at $118,000 after acquiring an additional 8,397 shares during the period. Quantinno Capital Management LP acquired a new position in shares of Taseko Mines in the third quarter valued at about $38,000. Finally, SG Americas Securities LLC bought a new position in Taseko Mines during the third quarter worth about $38,000. Institutional investors and hedge funds own 17.94% of the company’s stock.

About Taseko Mines

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.