National Bank Financial Reiterates Buy Rating for Taseko Mines (TGB)

Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO)‘s stock had its “buy” rating reissued by National Bank Financial in a research report issued to clients and investors on Wednesday.

Other analysts have also issued reports about the stock. TD Securities upgraded shares of Taseko Mines from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded shares of Taseko Mines from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Finally, TheStreet downgraded shares of Taseko Mines from a “c-” rating to a “d” rating in a report on Friday, August 31st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Taseko Mines currently has an average rating of “Buy” and an average price target of $0.75.

Shares of Taseko Mines stock traded down $0.03 during trading on Wednesday, hitting $0.66. The company’s stock had a trading volume of 301,884 shares, compared to its average volume of 685,006. Taseko Mines has a 52 week low of $0.59 and a 52 week high of $2.38.

Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) last issued its quarterly earnings results on Wednesday, October 31st. The mining company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The company had revenue of $56.85 million for the quarter.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC lifted its holdings in Taseko Mines by 58.8% during the first quarter. Millennium Management LLC now owns 261,764 shares of the mining company’s stock valued at $301,000 after purchasing an additional 96,892 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Taseko Mines during the second quarter valued at approximately $230,000. CIBC World Markets Inc. lifted its holdings in Taseko Mines by 44.7% during the third quarter. CIBC World Markets Inc. now owns 492,198 shares of the mining company’s stock valued at $394,000 after purchasing an additional 152,148 shares in the last quarter. Credit Suisse AG purchased a new position in Taseko Mines during the third quarter valued at approximately $640,000. Finally, Renaissance Technologies LLC lifted its holdings in Taseko Mines by 11.1% during the third quarter. Renaissance Technologies LLC now owns 6,994,904 shares of the mining company’s stock valued at $5,596,000 after purchasing an additional 699,104 shares in the last quarter.

About Taseko Mines

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.

Recommended Story: What are no-load funds?

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