Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) saw a large drop in short interest during the month of December. As of December 29th, there was short interest totalling 421,444 shares, a drop of 20.4% from the December 15th total of 529,379 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 894,855 shares, the short-interest ratio is currently 0.5 days.
Shares of Taseko Mines (TGB) opened at $2.04 on Friday. Taseko Mines has a 12-month low of $1.00 and a 12-month high of $2.46. The firm has a market cap of $461.20, a PE ratio of 12.75 and a beta of 2.75.
Several analysts have issued reports on TGB shares. Zacks Investment Research lowered shares of Taseko Mines from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. BidaskClub upgraded shares of Taseko Mines from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 7th. Finally, TheStreet upgraded shares of Taseko Mines from a “d+” rating to a “c-” rating in a research report on Wednesday, October 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $2.50.
Institutional investors have recently modified their holdings of the company. QS Investors LLC acquired a new stake in shares of Taseko Mines during the 2nd quarter valued at about $142,000. Stifel Financial Corp acquired a new stake in shares of Taseko Mines during the 3rd quarter valued at about $168,000. Wells Fargo & Company MN boosted its position in shares of Taseko Mines by 342.5% during the 3rd quarter. Wells Fargo & Company MN now owns 103,550 shares of the mining company’s stock valued at $191,000 after acquiring an additional 80,150 shares in the last quarter. Cavalier Investments LLC acquired a new stake in shares of Taseko Mines during the 3rd quarter valued at about $260,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Taseko Mines by 57.1% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 212,900 shares of the mining company’s stock valued at $394,000 after acquiring an additional 77,370 shares in the last quarter.
Taseko Mines Company Profile
Taseko Mines Limited is a mining company. The Company is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada and the State of Arizona, the United States. Its projects represent a range of metals, including gold, copper and niobium.
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