Taseko Mines Limited (NYSE:TGB) Receives Consensus Rating of “Buy” from Brokerages

Shares of Taseko Mines Limited (NYSE:TGB) have been assigned an average rating of “Buy” from the four research firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $3.50.

TGB has been the topic of a number of analyst reports. StockNews.com raised Taseko Mines from a “sell” rating to a “hold” rating in a research report on Wednesday, December 11th. National Bank Financial raised Taseko Mines from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 10th.

Institutional Trading of Taseko Mines

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quantinno Capital Management LP purchased a new position in Taseko Mines in the 3rd quarter worth about $38,000. SG Americas Securities LLC purchased a new stake in Taseko Mines during the third quarter valued at approximately $38,000. Ballentine Partners LLC bought a new position in Taseko Mines in the 3rd quarter worth $42,000. Capstone Investment Advisors LLC purchased a new position in shares of Taseko Mines during the 3rd quarter valued at about $56,000. Finally, Signaturefd LLC raised its stake in Taseko Mines by 21.9% during the 3rd quarter. Signaturefd LLC now owns 46,808 shares of the company’s stock worth $118,000 after acquiring an additional 8,397 shares during the period. Institutional investors own 17.94% of the company’s stock.

Taseko Mines Price Performance

Shares of NYSE TGB opened at $2.00 on Friday. The firm has a fifty day simple moving average of $2.08 and a two-hundred day simple moving average of $2.23. Taseko Mines has a 12 month low of $1.27 and a 12 month high of $3.15. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $609.08 million, a PE ratio of 10.53 and a beta of 1.72.

Taseko Mines (NYSE:TGB) last posted its 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). The firm had revenue of $114.08 million for the quarter, compared to analysts’ expectations of $112.48 million. Taseko Mines had a return on equity of 15.25% and a net margin of 12.69%. Equities analysts expect that Taseko Mines will post 0.14 earnings per share for the current year.

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.