Taseko Mines Limited (NYSEAMERICAN:TGB) Given Consensus Recommendation of “Hold” by Analysts

Taseko Mines Limited (NYSEAMERICAN:TGB – Get Rating) (TSE:TKO) has been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $3.21.

A number of research firms have commented on TGB. Scotiabank upped their price target on Taseko Mines from C$2.75 to C$3.00 in a research report on Wednesday, April 13th. TD Securities reduced their price target on Taseko Mines from C$3.75 to C$3.25 in a research report on Friday, May 6th. BMO Capital Markets cut their target price on Taseko Mines from C$3.50 to C$3.25 in a research report on Friday, May 6th. National Bank Financial cut their target price on Taseko Mines from C$3.25 to C$3.00 in a research report on Friday, May 6th. Finally, Stifel Nicolaus cut their target price on Taseko Mines from C$3.70 to C$3.40 in a research report on Wednesday, May 18th.

Shares of TGB opened at $1.27 on Friday. Taseko Mines has a 12-month low of $1.24 and a 12-month high of $2.41. The company has a quick ratio of 2.49, a current ratio of 3.26 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $363.64 million, a price-to-earnings ratio of 12.70 and a beta of 2.21.

Taseko Mines (NYSEAMERICAN:TGB – Get Rating) (TSE:TKO) last released its quarterly earnings results on Wednesday, May 4th. The mining company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Taseko Mines had a net margin of 8.46% and a return on equity of 13.48%. The company had revenue of $93.42 million during the quarter. As a group, research analysts forecast that Taseko Mines will post 0.23 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its holdings in Taseko Mines by 11.6% in the first quarter. Bank of America Corp DE now owns 608,475 shares of the mining company’s stock worth $1,393,000 after acquiring an additional 63,228 shares in the last quarter. Centaurus Financial Inc. purchased a new stake in shares of Taseko Mines in the first quarter worth approximately $41,000. Renaissance Technologies LLC raised its stake in shares of Taseko Mines by 18.6% in the first quarter. Renaissance Technologies LLC now owns 7,913,714 shares of the mining company’s stock worth $18,139,000 after purchasing an additional 1,240,532 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Taseko Mines by 64.9% in the first quarter. Mackenzie Financial Corp now owns 110,626 shares of the mining company’s stock worth $255,000 after purchasing an additional 43,525 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Taseko Mines by 206.5% in the first quarter. Dimensional Fund Advisors LP now owns 281,136 shares of the mining company’s stock worth $644,000 after purchasing an additional 189,418 shares during the last quarter. Institutional investors and hedge funds own 20.95% of the company’s stock.

Taseko Mines Company Profile (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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