Taseko Mines (NYSEAMERICAN:TGB) PT Lowered to C$3.40

Taseko Mines (NYSEAMERICAN:TGBGet Rating) (TSE:TKO) had its price target lowered by stock analysts at Stifel Nicolaus from C$3.70 to C$3.40 in a research note issued to investors on Wednesday, The Fly reports.

Several other equities research analysts have also recently weighed in on TGB. Zacks Investment Research cut shares of Taseko Mines from a “buy” rating to a “hold” rating in a research report on Friday, April 22nd. BMO Capital Markets lowered their price objective on shares of Taseko Mines from C$3.50 to C$3.25 in a research report on Friday, May 6th. Scotiabank raised their price objective on shares of Taseko Mines from C$2.75 to C$3.00 in a research report on Wednesday, April 13th. National Bank Financial lowered their price objective on shares of Taseko Mines from C$3.25 to C$3.00 in a research report on Friday, May 6th. Finally, TD Securities lowered their price target on shares of Taseko Mines from C$3.75 to C$3.25 in a research report on Friday, May 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Taseko Mines presently has a consensus rating of “Hold” and an average target price of $3.11.

Shares of Taseko Mines stock traded down $0.06 during mid-day trading on Wednesday, reaching $1.53. 226,641 shares of the stock were exchanged, compared to its average volume of 2,193,640. The stock has a market capitalization of $438.08 million, a P/E ratio of 15.30 and a beta of 2.21. The company has a quick ratio of 2.49, a current ratio of 3.26 and a debt-to-equity ratio of 1.43. Taseko Mines has a fifty-two week low of $1.30 and a fifty-two week high of $2.56.

Taseko Mines (NYSEAMERICAN:TGBGet Rating) (TSE:TKO) last announced its earnings results on Wednesday, May 4th. The mining company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $93.42 million for the quarter. Taseko Mines had a return on equity of 13.48% and a net margin of 8.46%. On average, equities analysts anticipate that Taseko Mines will post 0.23 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. bought a new stake in Taseko Mines during the fourth quarter worth about $30,000. Centaurus Financial Inc. bought a new position in shares of Taseko Mines in the first quarter worth about $41,000. JustInvest LLC bought a new position in shares of Taseko Mines in the fourth quarter worth about $42,000. Morling Financial Advisors LLC bought a new position in shares of Taseko Mines in the fourth quarter worth about $45,000. Finally, Stonebridge Capital Advisors LLC lifted its holdings in shares of Taseko Mines by 200.0% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 30,000 shares of the mining company’s stock worth $62,000 after acquiring an additional 20,000 shares during the last quarter. 20.95% of the stock is owned by institutional investors.

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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