Taseko Mines Limited Short Interest Down 5.1% in May (TGB)
Shares of Taseko Mines Limited (NYSE:TGB) were the recipient of a large drop in short interest during the month of May. As of May 30th, there was short interest totalling 772,874 shares, a drop of 5.1% from the May 15th total of 814,208 shares, AmericanBankingNews.com reports. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 235,710 shares, the days-to-cover ratio is presently 3.3 days.
TGB has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Taseko Mines Limited from a “neutral” rating to an “underperform” rating in a research note on Wednesday, May 14th. They now have a $2.10 price target on the stock. Analysts at Cowen and Company raised their price target on shares of Taseko Mines Limited from $6.62 to $7.25 in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Taseko Mines Limited has a consensus rating of “Hold” and a consensus target price of $4.68.
Shares of Taseko Mines Limited (NYSE:TGB) opened at 2.18 on Friday. Taseko Mines Limited has a 52 week low of $1.78 and a 52 week high of $2.66. The stock has a 50-day moving average of $2.17 and a 200-day moving average of $2.07. The company’s market cap is $425.1 million.
Taseko Mines Limited (NYSE:TGB) last announced its earnings results on Wednesday, May 7th. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.03 by $0.04. The company had revenue of $104.99 million for the quarter, compared to the consensus estimate of $108.48 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The company’s quarterly revenue was up 74.5% on a year-over-year basis. Analysts expect that Taseko Mines Limited will post $0.11 EPS for the current fiscal year.
Taseko Mines Limited (NYSE:TGB) is a Canada-based company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.