Taseko Mines Limited (NYSE:TGB) Given Average Rating of “Buy” by Brokerages

Taseko Mines Limited (NYSE:TGB) has received a consensus recommendation of “Buy” from the four research firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $3.50.

A number of analysts have weighed in on the stock. StockNews.com downgraded shares of Taseko Mines from a “hold” rating to a “sell” rating in a report on Friday, February 21st. National Bank Financial raised shares of Taseko Mines from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 10th.

Taseko Mines Price Performance

NYSE TGB opened at $2.09 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48. The company has a fifty day simple moving average of $2.03 and a 200 day simple moving average of $2.15. The company has a market cap of $636.77 million, a P/E ratio of -69.67 and a beta of 1.70. Taseko Mines has a 1 year low of $1.47 and a 1 year high of $3.15.

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. SG Americas Securities LLC bought a new position in shares of Taseko Mines during the 3rd quarter worth about $38,000. Signaturefd LLC lifted its holdings in shares of Taseko Mines by 21.9% during the 3rd quarter. Signaturefd LLC now owns 46,808 shares of the company’s stock worth $118,000 after acquiring an additional 8,397 shares during the period. Dakota Wealth Management lifted its holdings in shares of Taseko Mines by 1.5% during the 3rd quarter. Dakota Wealth Management now owns 457,939 shares of the company’s stock worth $1,154,000 after acquiring an additional 6,973 shares during the period. Ballentine Partners LLC bought a new position in shares of Taseko Mines during the 3rd quarter worth about $42,000. Finally, Aigen Investment Management LP bought a new position in shares of Taseko Mines during the 3rd quarter worth about $199,000. 17.94% of the stock is owned by institutional investors.

Taseko Mines Company Profile

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.