Taseko Mines (NYSEAMERICAN:TGB – Get 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.
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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