Taseko Mines Ltd (NYSE:TGB) Given Average Recommendation of “Hold” by Analysts
Shares of Taseko Mines Ltd (NYSE:TGB) have earned a consensus recommendation of “Hold” from the seven research firms that are covering the firm. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $0.78.
A number of brokerages have weighed in on TGB. Zacks Investment Research raised Taseko Mines from a “sell” rating to a “hold” rating in a report on Tuesday, July 19th. Scotiabank reaffirmed a “sector perform” rating and issued a $0.80 target price on shares of Taseko Mines in a report on Thursday, July 28th.
A hedge fund recently raised its stake in Taseko Mines stock. Renaissance Technologies LLC boosted its stake in shares of Taseko Mines Ltd (NYSE:TGB) by 21.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,067,900 shares of the mining company’s stock after buying an additional 358,700 shares during the period. Renaissance Technologies LLC owned 0.93% of Taseko Mines worth $1,166,000 as of its most recent filing with the SEC.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/taseko-mines-ltd-nysetgb-given-average-recommendation-of-hold-by-analysts.html
Taseko Mines (NYSE:TGB) traded down 0.7200% during midday trading on Wednesday, reaching $0.4826. The company had a trading volume of 170,178 shares. Taseko Mines has a 12-month low of $0.23 and a 12-month high of $0.70. The stock has a 50-day moving average price of $0.49 and a 200 day moving average price of $0.53. The company’s market capitalization is $107.06 million.
Taseko Mines (NYSE:TGB) last issued its earnings results on Tuesday, July 26th. The mining company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.02. The business earned $55.01 million during the quarter, compared to analysts’ expectations of $62 million. The business’s quarterly revenue was down 40.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.01 earnings per share. Equities analysts forecast that Taseko Mines will post ($0.21) EPS for the current year.
About Taseko Mines
Taseko Mines Limited is a mining company. The Company is 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 operating asset is the Gibraltar Mine, a copper mine located in central British Columbia.
Receive News & Ratings for Taseko Mines Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taseko Mines Ltd and related companies with MarketBeat.com's FREE daily email newsletter.