Taseko Mines (NYSEAMERICAN:TGB) Trading 7% Higher

Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) shares traded up 7% during trading on Friday . The stock traded as high as $0.47 and last traded at $0.46, 743,700 shares were traded during mid-day trading. An increase of 73% from the average session volume of 429,398 shares. The stock had previously closed at $0.43.

Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Taseko Mines from a “hold” rating to a “sell” rating in a report on Friday. BMO Capital Markets assumed coverage on shares of Taseko Mines in a report on Friday, July 5th. They issued an “outperform” rating for the company. Finally, TD Securities downgraded shares of Taseko Mines from a “speculative buy” rating to a “hold” rating in a report on Monday, July 22nd.

Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) last announced its quarterly earnings results on Wednesday, August 7th. The mining company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.03). The business had revenue of $64.68 million for the quarter.

A number of large investors have recently made changes to their positions in TGB. Hayek Kallen Investment Management lifted its holdings in shares of Taseko Mines by 33.1% during the 1st quarter. Hayek Kallen Investment Management now owns 235,442 shares of the mining company’s stock worth $139,000 after acquiring an additional 58,500 shares during the last quarter. Signia Capital Management LLC bought a new stake in shares of Taseko Mines during the 1st quarter worth $815,000. PenderFund Capital Management Ltd. bought a new stake in shares of Taseko Mines during the 2nd quarter worth $14,177,000. Morgan Stanley lifted its holdings in shares of Taseko Mines by 95.0% during the 2nd quarter. Morgan Stanley now owns 346,703 shares of the mining company’s stock worth $184,000 after acquiring an additional 168,889 shares during the last quarter. Finally, United Capital Financial Advisers LLC bought a new stake in shares of Taseko Mines during the 2nd quarter worth $54,000.

About Taseko Mines (NYSEAMERICAN:TGB)

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.

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