Taseko Mines Limited (NYSE:TGB) Receives Average Rating of “Buy” from Analysts

Shares of Taseko Mines Limited (NYSE:TGB) have been assigned a consensus recommendation of “Buy” from the four research firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $3.50.

Several research firms have commented on TGB. National Bank Financial raised shares of Taseko Mines from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 10th. StockNews.com upgraded Taseko Mines from a “sell” rating to a “hold” rating in a research note on Wednesday, December 11th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Quantinno Capital Management LP purchased a new position in shares of Taseko Mines in the 3rd quarter valued at about $38,000. Abacus Wealth Partners LLC acquired a new stake in Taseko Mines in the fourth quarter valued at approximately $29,000. SG Americas Securities LLC acquired a new position in shares of Taseko Mines during the 3rd quarter worth approximately $38,000. Ballentine Partners LLC acquired a new position in shares of Taseko Mines during the 3rd quarter worth approximately $42,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of Taseko Mines during the 3rd quarter valued at approximately $56,000. Institutional investors and hedge funds own 17.94% of the company’s stock.

Taseko Mines Trading Down 1.1 %

Taseko Mines stock opened at $1.87 on Wednesday. The stock has a 50-day moving average price of $2.02 and a 200 day moving average price of $2.17. The company has a market capitalization of $569.49 million, a price-to-earnings ratio of 9.84 and a beta of 1.72. Taseko Mines has a 52 week low of $1.33 and a 52 week high of $3.15. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48.

Taseko Mines (NYSE:TGB) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The business had revenue of $114.08 million for the quarter, compared to analyst estimates of $112.48 million. Taseko Mines had a net margin of 12.69% and a return on equity of 15.25%. Sell-side analysts anticipate that Taseko Mines will post 0.14 EPS 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.