Taseko Mines Limited (NYSE:TGB) Given Average Rating of “Buy” by Brokerages

Taseko Mines Limited (NYSE:TGB) has been given an average rating of “Buy” by the four analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $3.50.

TGB has been the topic of a number of recent research reports. National Bank Financial raised Taseko Mines from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 10th. StockNews.com raised Taseko Mines from a “sell” rating to a “hold” rating in a research note on Wednesday, December 11th.

Taseko Mines Stock Performance

NYSE TGB opened at $2.13 on Friday. The company has a market cap of $648.67 million, a P/E ratio of 11.21 and a beta of 1.72. Taseko Mines has a 1-year low of $1.27 and a 1-year high of $3.15. 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 stock has a 50-day moving average of $2.07 and a two-hundred day moving average of $2.22.

Taseko Mines (NYSE:TGB) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The business had revenue of $114.08 million during 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%. As a group, analysts anticipate that Taseko Mines will post 0.14 EPS for the current year.

Institutional Investors Weigh In On Taseko Mines

Several institutional investors have recently modified their holdings of TGB. Dakota Wealth Management raised its stake in Taseko Mines by 1.5% in the third quarter. Dakota Wealth Management now owns 457,939 shares of the company’s stock valued at $1,154,000 after buying an additional 6,973 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its position in shares of Taseko Mines by 7.3% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 103,682 shares of the company’s stock worth $261,000 after acquiring an additional 7,070 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Taseko Mines by 21.9% in the 3rd quarter. Signaturefd LLC now owns 46,808 shares of the company’s stock valued at $118,000 after acquiring an additional 8,397 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Taseko Mines during the 3rd quarter worth about $38,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Taseko Mines during the 3rd quarter worth about $38,000. 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.