Taseko Mines (NYSEAMERICAN:TGB) Price Target Cut to C$3.00

Taseko Mines (NYSEAMERICAN:TGBGet Rating) (TSE:TKO) had its price objective lowered by National Bank Financial from C$3.25 to C$3.00 in a research note released on Friday, The Fly reports. National Bank Financial also issued estimates for Taseko Mines’ Q2 2022 earnings at $0.05 EPS, Q3 2022 earnings at $0.08 EPS, Q4 2022 earnings at $0.08 EPS and FY2022 earnings at $0.23 EPS.

A number of other brokerages have also commented on TGB. Zacks Investment Research lowered Taseko Mines from a buy rating to a hold rating in a research report on Friday, April 22nd. Stifel Nicolaus upgraded Taseko Mines from a hold rating to a buy rating in a report on Tuesday, April 19th. TD Securities reduced their price target on Taseko Mines from C$3.75 to C$3.25 in a report on Friday. Panmure Gordon upgraded Taseko Mines from a hold rating to a buy rating and set a $3.38 price target for the company in a report on Thursday, March 10th. Finally, Scotiabank lifted their price target on Taseko Mines from C$2.75 to C$3.00 in a report on Wednesday, April 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $3.16.

NYSEAMERICAN TGB traded down $0.08 during trading on Friday, reaching $1.72. 3,702,535 shares of the company’s stock were exchanged, compared to its average volume of 2,108,198. Taseko Mines has a fifty-two week low of $1.49 and a fifty-two week high of $2.67. The firm has a market capitalization of $492.42 million, a PE ratio of 17.20 and a beta of 2.21. The company has a current ratio of 3.26, a quick ratio of 2.49 and a debt-to-equity ratio of 1.43.

Taseko Mines (NYSEAMERICAN:TGBGet Rating) (TSE:TKO) last announced its quarterly earnings data on Tuesday, February 22nd. The mining company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. Taseko Mines had a return on equity of 13.48% and a net margin of 8.46%. The firm had revenue of $81.69 million during the quarter. Research analysts anticipate that Taseko Mines will post 0.23 EPS for the current year.

Several hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Taseko Mines by 1.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,387,240 shares of the mining company’s stock valued at $15,195,000 after acquiring an additional 92,800 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Taseko Mines by 12.5% in the 4th quarter. Renaissance Technologies LLC now owns 6,673,182 shares of the mining company’s stock valued at $13,685,000 after acquiring an additional 739,212 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in Taseko Mines by 17.4% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 3,434,896 shares of the mining company’s stock worth $7,042,000 after buying an additional 509,611 shares during the period. Moore Capital Management LP increased its position in Taseko Mines by 44.6% in the 3rd quarter. Moore Capital Management LP now owns 2,409,137 shares of the mining company’s stock worth $4,553,000 after buying an additional 742,874 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new position in Taseko Mines in the 1st quarter worth approximately $4,832,000. 20.95% of the stock is currently owned by institutional investors and hedge funds.

About Taseko Mines (Get Rating)

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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