Taseko Mines (NYSEAMERICAN:TGB) Share Price Passes Above Two Hundred Day Moving Average of $0.00

Taseko Mines Limited (NYSEAMERICAN:TGBGet Rating) (TSE:TKO)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $1.18. Taseko Mines shares last traded at $1.18, with a volume of 1,547,937 shares.

Analyst Ratings Changes

TGB has been the subject of a number of recent research reports. Scotiabank dropped their price objective on shares of Taseko Mines from C$3.00 to C$2.00 in a research note on Thursday, July 7th. National Bank Financial lowered their target price on shares of Taseko Mines from C$1.85 to C$1.75 in a report on Tuesday, July 19th. Stifel Nicolaus lowered their target price on shares of Taseko Mines from C$3.40 to C$2.50 in a report on Tuesday, July 19th. Finally, BMO Capital Markets lowered their target price on shares of Taseko Mines from C$2.75 to C$2.50 in a report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $2.56.

Taseko Mines Price Performance

The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.49 and a current ratio of 3.26. The firm has a market cap of $337.92 million, a P/E ratio of 11.80 and a beta of 2.21.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC grew its position in shares of Taseko Mines by 18.6% in the 1st quarter. Renaissance Technologies LLC now owns 7,913,714 shares of the mining company’s stock worth $18,139,000 after buying an additional 1,240,532 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in shares of Taseko Mines by 88.1% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 6,462,532 shares of the mining company’s stock worth $14,799,000 after buying an additional 3,027,636 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Taseko Mines by 14.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,515,498 shares of the mining company’s stock worth $5,957,000 after buying an additional 693,195 shares during the last quarter. BlackRock Inc. grew its position in Taseko Mines by 7,437.1% during the 1st quarter. BlackRock Inc. now owns 2,464,409 shares of the mining company’s stock worth $5,644,000 after purchasing an additional 2,431,712 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in Taseko Mines during the 1st quarter worth approximately $4,832,000. Hedge funds and other institutional investors own 20.95% of the company’s stock.

About Taseko Mines

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Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds 75% interest in the Gibraltar mine located in British Columbia. It also holds 100% interest in Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.

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