Taseko Mines (TGB) Shares Up 5.3%

Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) shot up 5.3% during mid-day trading on Thursday . The stock traded as high as $1.20 and last traded at $1.20. 764,991 shares were traded during trading, a decline of 23% from the average session volume of 999,492 shares. The stock had previously closed at $1.14.

Several research firms have issued reports on TGB. Scotiabank raised Taseko Mines from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, March 6th. Cantor Fitzgerald began coverage on Taseko Mines in a research note on Friday, January 26th. They set a “buy” rating for the company. Finally, Zacks Investment Research cut Taseko Mines from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $2.50.

Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) last released its quarterly earnings results on Wednesday, February 21st. The mining company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.10). The firm had revenue of $95.40 million for the quarter, compared to the consensus estimate of $89.30 million. Taseko Mines had a negative net margin of 7.97% and a negative return on equity of 8.19%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 earnings per share.

Several institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC grew its stake in shares of Taseko Mines by 65.1% during the 4th quarter. Acadian Asset Management LLC now owns 8,643,207 shares of the mining company’s stock valued at $20,140,000 after purchasing an additional 3,407,837 shares during the period. Renaissance Technologies LLC grew its stake in shares of Taseko Mines by 6.1% during the 4th quarter. Renaissance Technologies LLC now owns 6,707,700 shares of the mining company’s stock valued at $15,629,000 after purchasing an additional 384,800 shares during the period. Impala Asset Management LLC grew its stake in shares of Taseko Mines by 2.1% during the 4th quarter. Impala Asset Management LLC now owns 3,349,191 shares of the mining company’s stock valued at $7,804,000 after purchasing an additional 70,000 shares during the period. Spark Investment Management LLC grew its stake in shares of Taseko Mines by 43.6% during the 4th quarter. Spark Investment Management LLC now owns 1,146,000 shares of the mining company’s stock valued at $2,680,000 after purchasing an additional 348,000 shares during the period. Finally, AXA lifted its position in shares of Taseko Mines by 240.3% during the 4th quarter. AXA now owns 743,236 shares of the mining company’s stock valued at $1,732,000 after buying an additional 524,836 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: “Taseko Mines (TGB) Shares Up 5.3%” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2018/04/07/taseko-mines-tgb-shares-up-5-3.html.

Taseko Mines Company Profile

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.

Receive News & Ratings for Taseko Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taseko Mines and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply