Taseko Mines Limited (NYSEAMERICAN:TGB) Stock Has Consensus Price Target of $9.00

Taseko Mines Limited (NYSEAMERICAN:TGB) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $9.00.

Separately, Jefferies Financial Group started coverage on Taseko Mines in a research note on Thursday, August 20th. They issued a “buy” rating for the company.

Institutional Trading of Taseko Mines

Several institutional investors have recently added to or reduced their stakes in TGB. Renaissance Technologies LLC raised its holdings in Taseko Mines by 4.9% during the 1st quarter. Renaissance Technologies LLC now owns 5,682,070 shares of the company’s stock worth $36,649,000 after purchasing an additional 267,640 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Taseko Mines by 215.3% in the 1st quarter. Bank of America Corp DE now owns 4,577,781 shares of the company’s stock valued at $29,527,000 after purchasing an additional 3,125,829 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Taseko Mines in the 1st quarter valued at $12,740,000. Royal Bank of Canada increased its position in shares of Taseko Mines by 1,009.9% during the first quarter. Royal Bank of Canada now owns 1,512,151 shares of the company’s stock worth $9,753,000 after buying an additional 1,375,912 shares during the period. Finally, William Blair Investment Management LLC acquired a new stake in shares of Taseko Mines during the third quarter worth $8,748,000. 17.94% of the stock is currently owned by institutional investors.

Taseko Mines Stock Performance

NYSEAMERICAN TGB opened at $7.49 on Tuesday. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 49.94 and a beta of 1.44. Taseko Mines has a twelve month low of $3.93 and a twelve month high of $9.82. The stock has a fifty day simple moving average of $8.25 and a 200 day simple moving average of $7.64. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.85.

Taseko Mines (NYSEAMERICAN:TGB) last announced its earnings results on Wednesday, November 4th. The company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. Taseko Mines had a return on equity of 20.00% and a net margin of 6.68%. The firm had revenue of $244.56 million for the quarter. Sell-side analysts expect that Taseko Mines will post 0.34 EPS for the current year.

Taseko Mines Company Profile