Taseko Mines Ltd (USA) (NYSEMKT:TGB) (TSE:TKO) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 806,239 shares, an increase of 24.1% from the October 13th total of 649,788 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 1,463,484 shares, the days-to-cover ratio is currently 0.6 days.

Several hedge funds have recently bought and sold shares of TGB. Hillsdale Investment Management Inc. boosted its holdings in shares of Taseko Mines Ltd (USA) by 358.3% in the third quarter. Hillsdale Investment Management Inc. now owns 3,718,800 shares of the mining company’s stock valued at $6,979,000 after acquiring an additional 2,907,300 shares during the period. Greystone Managed Investments Inc. acquired a new stake in shares of Taseko Mines Ltd (USA) in the second quarter valued at approximately $3,304,000. Renaissance Technologies LLC boosted its holdings in shares of Taseko Mines Ltd (USA) 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 during the period. Acadian Asset Management LLC boosted its holdings in shares of Taseko Mines Ltd (USA) 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 during the period. Finally, AJO LP acquired a new stake in shares of Taseko Mines Ltd (USA) in the second quarter valued at approximately $1,087,000.

TGB has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Taseko Mines Ltd (USA) from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. BidaskClub raised Taseko Mines Ltd (USA) from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 7th. Finally, TheStreet raised Taseko Mines Ltd (USA) from a “d+” rating to a “c-” rating in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $2.50.

Shares of Taseko Mines Ltd (NYSEMKT TGB) traded up $0.02 on Monday, reaching $2.22. The company had a trading volume of 584,234 shares, compared to its average volume of 1,380,000. Taseko Mines Ltd has a 52-week low of $0.49 and a 52-week high of $2.46.

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About Taseko Mines Ltd (USA)

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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