Taseko Mines Limited (NYSE:TGB) Receives $3.50 Consensus PT from Analysts

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

A number of equities analysts recently issued reports on TGB shares. National Bank Financial raised Taseko Mines from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 10th. StockNews.com upgraded shares of Taseko Mines from a “sell” rating to a “hold” rating in a report on Wednesday, December 11th.

Taseko Mines Price Performance

Shares of NYSE TGB opened at $2.05 on Friday. 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 company has a market cap of $624.30 million, a price-to-earnings ratio of 10.79 and a beta of 1.72. The stock’s 50-day moving average is $2.08 and its two-hundred day moving average is $2.22. Taseko Mines has a 1-year low of $1.27 and a 1-year high of $3.15.

Taseko Mines (NYSE:TGB) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The firm had revenue of $114.08 million during the quarter, compared to analysts’ expectations of $112.48 million. Taseko Mines had a net margin of 12.69% and a return on equity of 15.25%. Analysts forecast that Taseko Mines will post 0.14 EPS for the current fiscal year.

Institutional Trading of Taseko Mines

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in shares of Taseko Mines during the third quarter worth approximately $38,000. Quantinno Capital Management LP acquired a new position in Taseko Mines in the 3rd quarter valued at $38,000. Ballentine Partners LLC purchased a new position in Taseko Mines during the 3rd quarter worth $42,000. Capstone Investment Advisors LLC purchased a new position in Taseko Mines during the 3rd quarter worth $56,000. Finally, Signaturefd LLC lifted its stake in shares of Taseko Mines by 21.9% in 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. 17.94% of the stock is owned by hedge funds and other institutional investors.

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.