Taseko Mines Ltd (TGB) Downgraded to Buy at BidaskClub
Taseko Mines Ltd (NYSEMKT:TGB) (TSE:TKO) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.
Several other research firms have also recently issued reports on TGB. Zacks Investment Research upgraded shares of Taseko Mines from a “hold” rating to a “buy” rating and set a $2.00 target price on the stock in a research note on Wednesday, August 23rd. ValuEngine upgraded shares of Taseko Mines from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. 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 to the stock. The stock has an average rating of “Hold” and a consensus price target of $1.38.
Taseko Mines (NYSEMKT:TGB) traded down 2.12% during midday trading on Friday, hitting $1.85. 1,033,495 shares of the stock were exchanged. The firm’s 50-day moving average price is $1.75 and its 200 day moving average price is $1.38. The firm has a market capitalization of $418.52 million and a P/E ratio of 46.25. Taseko Mines has a 1-year low of $0.41 and a 1-year high of $2.05.
A number of hedge funds and other institutional investors have recently bought and sold shares of TGB. QS Investors LLC purchased a new stake in Taseko Mines in the 2nd quarter worth approximately $142,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Taseko Mines by 147.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 135,530 shares of the mining company’s stock valued at $179,000 after buying an additional 80,686 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Taseko Mines during the 1st quarter valued at $192,000. Russell Investments Group Ltd. purchased a new stake in shares of Taseko Mines during the 1st quarter valued at $208,000. Finally, Spark Investment Management LLC purchased a new stake in shares of Taseko Mines during the 1st quarter valued at $289,000.
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.
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