Taseko Mines Limited (NYSE:TGB) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Taseko Mines Limited (NYSE:TGB) have been assigned an average recommendation of “Buy” from the four analysts that are presently covering the company, MarketBeat Ratings reports. Three investment 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.

TGB has been the subject of a number of research reports. StockNews.com raised Taseko Mines from a “sell” rating to a “hold” rating in a research report on Wednesday, December 11th. National Bank Financial upgraded Taseko Mines from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 10th.

Institutional Investors Weigh In On Taseko Mines

A number of large investors have recently bought and sold shares of TGB. Dakota Wealth Management lifted its position in shares of Taseko Mines by 1.5% in the third quarter. Dakota Wealth Management now owns 457,939 shares of the company’s stock worth $1,154,000 after buying an additional 6,973 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in Taseko Mines by 7.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 103,682 shares of the company’s stock worth $261,000 after purchasing an additional 7,070 shares during the last quarter. Signaturefd LLC lifted its holdings in Taseko Mines by 21.9% in the 3rd quarter. Signaturefd LLC now owns 46,808 shares of the company’s stock worth $118,000 after purchasing an additional 8,397 shares during the last quarter. Quantinno Capital Management LP bought a new stake in Taseko Mines during the third quarter worth approximately $38,000. Finally, SG Americas Securities LLC acquired a new position in Taseko Mines during the third quarter valued at approximately $38,000. 17.94% of the stock is currently owned by institutional investors.

Taseko Mines Price Performance

NYSE TGB opened at $2.10 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05. The firm has a market capitalization of $639.53 million, a price-to-earnings ratio of 11.05 and a beta of 1.72. The company has a 50 day simple moving average of $2.06 and a 200-day simple moving average of $2.21. Taseko Mines has a 52-week low of $1.27 and a 52-week high of $3.15.

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

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.