Taseko Mines (NYSEAMERICAN:TGB) Share Price Crosses Above 200 Day Moving Average of $0.00

Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.44. Taseko Mines shares last traded at $0.43, with a volume of 697 shares trading hands.

Several research analysts have commented on TGB shares. Zacks Investment Research downgraded shares of Taseko Mines from a “hold” rating to a “sell” rating in a research report on Friday, October 4th. TD Securities downgraded shares of Taseko Mines from a “speculative buy” rating to a “hold” rating in a research report on Monday, July 22nd. BMO Capital Markets started coverage on shares of Taseko Mines in a research report on Friday, July 5th. They set an “outperform” rating for the company. Finally, Scotiabank downgraded shares of Taseko Mines from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold”.

Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) last issued its quarterly earnings results on Wednesday, August 7th. The mining company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.03). The business had revenue of $64.68 million for the quarter.

Several hedge funds and other institutional investors have recently made changes to their positions in TGB. Renaissance Technologies LLC raised its holdings in shares of Taseko Mines by 10.3% in the 2nd quarter. Renaissance Technologies LLC now owns 8,082,234 shares of the mining company’s stock worth $4,284,000 after acquiring an additional 751,444 shares during the last quarter. PenderFund Capital Management Ltd. acquired a new stake in shares of Taseko Mines in the 2nd quarter worth about $14,177,000. United Capital Financial Advisers LLC acquired a new stake in shares of Taseko Mines in the 2nd quarter worth about $54,000. Finally, Morgan Stanley raised its holdings in shares of Taseko Mines by 95.0% in the 2nd quarter. Morgan Stanley now owns 346,703 shares of the mining company’s stock worth $184,000 after acquiring an additional 168,889 shares during the last quarter.

About Taseko Mines (NYSEAMERICAN:TGB)

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties in Canada and the United States. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds a 75% interest in the Gibraltar copper-molybdenum mine located in south-central British Columbia.

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