Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) was up 11.4% during mid-day trading on Friday . The company traded as high as $1.37 and last traded at $1.37. Approximately 1,002,200 shares traded hands during trading, a decline of 9% from the average daily volume of 1,106,502 shares. The stock had previously closed at $1.23.
A number of equities research analysts have issued reports on TGB shares. Cantor Fitzgerald started coverage on shares of Taseko Mines in a report on Friday, January 26th. They set a “buy” rating on the stock. Zacks Investment Research lowered shares of Taseko Mines from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, Scotiabank upgraded shares of Taseko Mines from an “underperform” rating to a “sector perform” rating in a report on Tuesday, March 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $2.50.
The company has a market capitalization of $341.30, a price-to-earnings ratio of 11.42 and a beta of 2.62.
Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) last released its earnings results on Wednesday, February 21st. The mining company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.10). The business had revenue of $95.40 million for the quarter, compared to analyst estimates of $89.30 million. Taseko Mines had a negative return on equity of 8.19% and a negative net margin of 7.97%. Taseko Mines’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.07 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its holdings in Taseko Mines by 136.7% during the 4th quarter. Millennium Management LLC now owns 164,872 shares of the mining company’s stock worth $384,000 after buying an additional 95,232 shares in the last quarter. Two Sigma Investments LP lifted its holdings in Taseko Mines by 4.1% during the 4th quarter. Two Sigma Investments LP now owns 718,444 shares of the mining company’s stock worth $1,679,000 after buying an additional 28,563 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in Taseko Mines by 142.7% during the 4th quarter. Two Sigma Advisers LP now owns 118,700 shares of the mining company’s stock worth $277,000 after buying an additional 69,800 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in Taseko Mines during the 4th quarter worth approximately $173,000. Finally, Renaissance Technologies LLC lifted its holdings in Taseko Mines by 6.1% during the 4th quarter. Renaissance Technologies LLC now owns 6,707,700 shares of the mining company’s stock worth $15,629,000 after buying an additional 384,800 shares in the last quarter.
ILLEGAL ACTIVITY NOTICE: “Taseko Mines (TGB) Shares Up 11.4%” was originally posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.thelincolnianonline.com/2018/03/11/taseko-mines-tgb-shares-up-11-4.html.
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.
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.