Taseko Mines Ltd (TGB) Raised to “C-” at TheStreet
Taseko Mines Ltd (NYSEMKT:TGB) (TSE:TKO) was upgraded by investment analysts at TheStreet from a “d+” rating to a “c-” rating in a research report issued on Wednesday.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Taseko Mines from a “hold” rating to a “buy” rating and set a $2.00 price objective on the stock in a report on Wednesday, August 23rd. BidaskClub upgraded shares of Taseko Mines from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Finally, ValuEngine upgraded shares of Taseko Mines from a “hold” rating to a “buy” rating in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Taseko Mines presently has an average rating of “Hold” and an average price target of $1.25.
Taseko Mines (NYSEMKT TGB) traded up 0.46% on Wednesday, reaching $2.18. 1,888,720 shares of the company were exchanged. The stock has a 50 day moving average of $1.88 and a 200 day moving average of $1.43. Taseko Mines has a 12-month low of $0.41 and a 12-month high of $2.30. The firm has a market capitalization of $493.18 million and a PE ratio of 53.17.
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Several hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its stake in shares of Taseko Mines by 38.8% in the first quarter. Renaissance Technologies LLC now owns 4,354,600 shares of the mining company’s stock valued at $5,751,000 after acquiring an additional 1,216,700 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Taseko Mines by 50.5% in the second quarter. Acadian Asset Management LLC now owns 3,421,799 shares of the mining company’s stock valued at $4,350,000 after acquiring an additional 1,147,605 shares in the last quarter. Impala Asset Management LLC grew its stake in shares of Taseko Mines by 26.5% in the second quarter. Impala Asset Management LLC now owns 2,883,264 shares of the mining company’s stock valued at $3,662,000 after acquiring an additional 603,264 shares in the last quarter. Greystone Managed Investments Inc. acquired a new position in shares of Taseko Mines in the second quarter valued at about $3,304,000. Finally, AJO LP acquired a new position in shares of Taseko Mines in the second quarter valued at about $1,087,000.
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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