Taseko Mines Ltd (NYSEMKT:TGB) (TSE:TKO) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $0.50.
Several analysts have commented on the company. Zacks Investment Research downgraded Taseko Mines from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. BidaskClub downgraded Taseko Mines from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 16th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its position in Taseko Mines by 38.8% during the 1st quarter. Renaissance Technologies LLC now owns 4,354,600 shares of the mining company’s stock worth $5,751,000 after purchasing an additional 1,216,700 shares during the period. Acadian Asset Management LLC increased its position in Taseko Mines by 50.5% during the 2nd quarter. Acadian Asset Management LLC now owns 3,421,799 shares of the mining company’s stock worth $4,350,000 after purchasing an additional 1,147,605 shares during the period. Impala Asset Management LLC increased its position in Taseko Mines by 26.5% during the 2nd quarter. Impala Asset Management LLC now owns 2,883,264 shares of the mining company’s stock worth $3,662,000 after purchasing an additional 603,264 shares during the period. Greystone Managed Investments Inc. acquired a new position in Taseko Mines during the 2nd quarter worth approximately $3,304,000. Finally, AJO LP acquired a new position in Taseko Mines during the 2nd quarter worth approximately $1,087,000.
Taseko Mines (NYSEMKT TGB) traded up 0.45% during mid-day trading on Thursday, reaching $2.23. The company had a trading volume of 1,241,531 shares. The firm’s 50 day moving average price is $2.01 and its 200-day moving average price is $1.50. The company has a market capitalization of $504.49 million and a price-to-earnings ratio of 54.39. Taseko Mines has a 12 month low of $0.41 and a 12 month high of $2.46.
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About Taseko Mines
Taseko Mines Limited is a mining company. The Company is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada and the State of Arizona, the United States. Its projects represent a range of metals, including gold, copper and niobium.
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