Taseko Mines (NYSE:TGB) Reaches New 52-Week High at $2.29

Taseko Mines Limited (NYSE:TGBGet Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $2.29 and last traded at $2.17, with a volume of 757755 shares traded. The stock had previously closed at $2.19.

Analyst Ratings Changes

TGB has been the subject of several research reports. TheStreet raised Taseko Mines from a “d” rating to a “c” rating in a research note on Thursday, March 14th. TD Securities upped their target price on Taseko Mines from $3.25 to $3.50 and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Finally, Stifel Nicolaus started coverage on Taseko Mines in a research note on Tuesday, March 26th. They issued a “buy” rating for the company.

Read Our Latest Stock Report on TGB

Taseko Mines Stock Performance

The stock has a market cap of $708.77 million, a PE ratio of 12.20 and a beta of 1.99. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.77 and a quick ratio of 0.90. The business has a 50 day moving average price of $1.69 and a two-hundred day moving average price of $1.42.

Taseko Mines (NYSE:TGBGet Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $112.90 million for the quarter. Taseko Mines had a net margin of 15.66% and a return on equity of 11.54%. As a group, equities research analysts forecast that Taseko Mines Limited will post 0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Taseko Mines

A number of hedge funds and other institutional investors have recently made changes to their positions in TGB. Aigen Investment Management LP bought a new position in shares of Taseko Mines during the third quarter valued at approximately $28,000. Citigroup Inc. raised its holdings in shares of Taseko Mines by 139.8% during the fourth quarter. Citigroup Inc. now owns 19,184 shares of the company’s stock valued at $28,000 after acquiring an additional 11,184 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Taseko Mines by 57.1% during the second quarter. LPL Financial LLC now owns 28,761 shares of the company’s stock valued at $31,000 after acquiring an additional 10,450 shares in the last quarter. ExodusPoint Capital Management LP bought a new position in shares of Taseko Mines during the fourth quarter valued at approximately $32,000. Finally, Mariner LLC raised its holdings in shares of Taseko Mines by 41.6% during the fourth quarter. Mariner LLC now owns 22,743 shares of the company’s stock valued at $33,000 after acquiring an additional 6,677 shares in the last quarter. Institutional investors own 17.94% of the company’s stock.

About Taseko Mines

(Get Free Report)

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company's principal asset comprises 87.5% interest owned the Gibraltar mine located in British Columbia. It also holds interest in the 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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