Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) was the recipient of a large decline in short interest in the month of December. As of December 29th, there was short interest totalling 421,444 shares, a decline of 20.4% from the December 15th total of 529,379 shares. Based on an average daily trading volume, of 894,855 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are sold short.

Taseko Mines (NYSEAMERICAN TGB) opened at $1.99 on Thursday. Taseko Mines has a 12 month low of $1.00 and a 12 month high of $2.46. The firm has a market capitalization of $477.09, a PE ratio of 11.71 and a beta of 2.75.

Several research firms have weighed in on TGB. BidaskClub raised Taseko Mines from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 7th. Zacks Investment Research raised Taseko Mines from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a research note on Friday, October 20th. Finally, TheStreet raised Taseko Mines from a “d+” rating to a “c-” rating in a research note on Wednesday, October 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Taseko Mines presently has an average rating of “Hold” and an average price target of $2.50.

A number of large investors have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. grew its stake in Taseko Mines by 358.3% during the 3rd 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 in the last quarter. Greystone Managed Investments Inc. grew its stake in Taseko Mines by 39.6% during the 3rd quarter. Greystone Managed Investments Inc. now owns 3,653,450 shares of the mining company’s stock valued at $6,836,000 after acquiring an additional 1,037,300 shares in the last quarter. Impala Asset Management LLC grew its stake in Taseko Mines by 13.7% during the 3rd quarter. Impala Asset Management LLC now owns 3,279,191 shares of the mining company’s stock valued at $6,067,000 after acquiring an additional 395,927 shares in the last quarter. AJO LP purchased a new position in Taseko Mines during the 2nd quarter valued at about $1,087,000. Finally, OxFORD Asset Management LLP purchased a new position in Taseko Mines during the 3rd quarter valued at about $1,175,000.

ILLEGAL ACTIVITY WARNING: This report was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/01/11/taseko-mines-ltd-tgb-sees-significant-drop-in-short-interest.html.

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.

Receive News & Ratings for Taseko Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taseko Mines and related companies with MarketBeat.com's FREE daily email newsletter.