Taseko Mines (NYSE:TGB) Price Target Raised to $3.50 at TD Securities

Taseko Mines (NYSE:TGBFree Report) had its price target lifted by TD Securities from $3.25 to $3.50 in a research report report published on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts also recently issued research reports about the company. Stifel Nicolaus started coverage on Taseko Mines in a research note on Tuesday. They set a buy rating for the company. TheStreet upgraded Taseko Mines from a d rating to a c rating in a research note on Thursday, March 14th.

Read Our Latest Stock Analysis on Taseko Mines

Taseko Mines Stock Performance

TGB opened at $2.08 on Tuesday. The company has a market cap of $602.75 million, a PE ratio of 10.38 and a beta of 1.94. The stock has a 50-day moving average of $1.58 and a 200-day moving average of $1.38. Taseko Mines has a 52-week low of $1.05 and a 52-week high of $2.17. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.90 and a current ratio of 1.77.

Taseko Mines (NYSE:TGBGet Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $112.90 million for the quarter. Taseko Mines had a return on equity of 11.54% and a net margin of 15.66%. As a group, equities research analysts forecast that Taseko Mines will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of Taseko Mines

Hedge funds have recently added to or reduced their stakes in the business. Centaurus Financial Inc. bought a new stake in Taseko Mines during the 1st quarter valued at approximately $41,000. Citigroup Inc. raised its holdings in Taseko Mines by 139.8% in the 4th quarter. Citigroup Inc. now owns 19,184 shares of the company’s stock valued at $28,000 after acquiring an additional 11,184 shares in the last quarter. ExodusPoint Capital Management LP acquired a new position in Taseko Mines in the 4th quarter valued at approximately $32,000. Aigen Investment Management LP acquired a new position in Taseko Mines in the 3rd quarter valued at approximately $28,000. Finally, Mariner LLC raised its holdings in Taseko Mines by 41.6% in the 4th quarter. Mariner LLC now owns 22,743 shares of the company’s stock valued at $33,000 after acquiring an additional 6,677 shares in the last quarter. Institutional investors own 17.94% of the company’s stock.

About Taseko Mines

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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 87.5% 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.

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