Taseko Mines (NYSE:TGB) Upgraded at StockNews.com

StockNews.com upgraded shares of Taseko Mines (NYSE:TGB) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

Separately, National Bank Financial upgraded Taseko Mines from a “sector perform” rating to an “outperform” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $3.50.

Taseko Mines Trading Down 0.5 %

NYSE TGB opened at $2.08 on Wednesday. The business has a 50 day simple moving average of $2.22 and a 200 day simple moving average of $2.29. Taseko Mines has a one year low of $1.25 and a one year high of $3.15. The stock has a market capitalization of $633.40 million, a P/E ratio of 10.95 and a beta of 1.72. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05.

Taseko Mines (NYSE:TGB) last released its earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The business had revenue of $114.08 million for the quarter, compared to analyst estimates of $112.48 million. Taseko Mines had a return on equity of 15.25% and a net margin of 12.69%. Research analysts expect that Taseko Mines will post 0.14 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TGB. Tidal Investments LLC lifted its holdings in shares of Taseko Mines by 82.3% in the third quarter. Tidal Investments LLC now owns 13,693,081 shares of the company’s stock valued at $34,507,000 after purchasing an additional 6,182,981 shares in the last quarter. Barclays PLC lifted its holdings in shares of Taseko Mines by 353.3% in the third quarter. Barclays PLC now owns 79,323 shares of the company’s stock valued at $200,000 after purchasing an additional 61,823 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Taseko Mines by 2,033.2% in the third quarter. Toronto Dominion Bank now owns 52,242 shares of the company’s stock valued at $132,000 after purchasing an additional 49,793 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Taseko Mines in the third quarter valued at approximately $223,000. Finally, Quantinno Capital Management LP bought a new position in shares of Taseko Mines in the third quarter valued at approximately $38,000. Institutional investors own 17.94% of the company’s stock.

About Taseko Mines

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 100% 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.