Taseko Mines Limited Short Interest Up 7.1% in July (TGB)
Shares of Taseko Mines Limited (NYSE:TGB) were the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 671,312 shares, a growth of 7.1% from the July 15th total of 626,957 shares, Analyst Ratings Net reports. Based on an average daily volume of 233,345 shares, the days-to-cover ratio is currently 2.9 days. Currently, 0.4% of the company’s shares are sold short.
Separately, analysts at Bank of America downgraded shares of Taseko Mines Limited from a “buy” rating to an “underperform” rating in a research note on Friday, July 11th. They now have a $2.60 price target on the stock, down previously from $2.90. They noted that the move was a valuation call.
Taseko Mines Limited (NYSE:TGB) opened at 2.26 on Tuesday. Taseko Mines Limited has a 1-year low of $1.78 and a 1-year high of $2.66. The stock has a 50-day moving average of $2.37 and a 200-day moving average of $2.17. The company’s market cap is $440.7 million.
Taseko Mines Limited (NYSE:TGB) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.02 by $0.03. The company had revenue of $107.30 million for the quarter, compared to the consensus estimate of $107.80 million. The company’s quarterly revenue was up 57.3% on a year-over-year basis. On average, analysts predict that Taseko Mines Limited will post $0.09 earnings per share for the current fiscal year.
Taseko Mines Limited 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.
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.