Taseko Mines Ltd (TGB) Sees Significant Drop in Short Interest
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.
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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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