Taseko Mines Ltd (TGB) Given Average Rating of “Hold” by Analysts
Shares of Taseko Mines Ltd (NYSEMKT:TGB) (TSE:TKO) have earned an average recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $1.13.
Several analysts have weighed in on TGB shares. Zacks Investment Research downgraded Taseko Mines from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 26th. ValuEngine upgraded Taseko Mines from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Finally, BidaskClub upgraded Taseko Mines from a “hold” rating to a “buy” rating in a research report on Saturday.
Hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its stake in shares of Taseko Mines by 18.5% in the fourth quarter. Renaissance Technologies LLC now owns 3,137,900 shares of the mining company’s stock valued at $2,675,000 after buying an additional 490,700 shares during the last quarter. Norges Bank acquired a new position in shares of Taseko Mines during the fourth quarter worth approximately $869,000. Acadian Asset Management LLC increased its position in shares of Taseko Mines by 399.6% in the first quarter. Acadian Asset Management LLC now owns 2,274,194 shares of the mining company’s stock worth $2,998,000 after buying an additional 1,819,034 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Taseko Mines during the first quarter worth approximately $208,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Taseko Mines by 147.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 135,530 shares of the mining company’s stock worth $179,000 after buying an additional 80,686 shares in the last quarter.
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Taseko Mines (TGB) traded up 1.30% on Friday, reaching $1.56. 825,033 shares of the company’s stock traded hands. Taseko Mines has a 12 month low of $0.41 and a 12 month high of $1.63. The firm’s 50-day moving average is $1.29 and its 200 day moving average is $1.29. The firm’s market cap is $352.79 million.
About Taseko Mines
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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