Taseko Mines Limited (NYSEAMERICAN:TGB) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Taseko Mines Limited (NYSEAMERICAN:TGB) have been given an average rating of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $9.00.

Separately, Jefferies Financial Group began coverage on shares of Taseko Mines in a research note on Thursday, August 20th. They issued a “buy” rating for the company.

Taseko Mines Stock Performance

Shares of TGB stock opened at $6.95 on Tuesday. The stock has a market cap of $2.55 billion, a P/E ratio of 46.34 and a beta of 1.44. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.24 and a quick ratio of 0.76. The company has a fifty day moving average price of $8.28 and a two-hundred day moving average price of $7.64. Taseko Mines has a one year low of $3.93 and a one year high of $9.82.

Taseko Mines (NYSEAMERICAN:TGB) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. The company had revenue of $244.56 million during the quarter. Taseko Mines had a net margin of 6.68% and a return on equity of 20.00%. As a group, equities analysts predict that Taseko Mines will post 0.34 EPS for the current year.

Institutional Trading of Taseko Mines

Several institutional investors and hedge funds have recently bought and sold shares of TGB. Blue Jean Financial LLC bought a new position in shares of Taseko Mines during the 3rd quarter worth approximately $92,000. CHICAGO TRUST Co NA acquired a new position in shares of Taseko Mines in the third quarter valued at $93,000. SteelPeak Wealth LLC bought a new position in shares of Taseko Mines in the third quarter valued at about $97,000. Waldron Private Wealth LLC bought a new position in shares of Taseko Mines in the third quarter valued at about $107,000. Finally, Parallel Advisors LLC bought a new position in shares of Taseko Mines in the third quarter valued at about $107,000. Institutional investors own 17.94% of the company’s stock.

About Taseko Mines

Taseko Mines Limited is a Canadian mining company focused on the acquisition, development and operation of copper and other mineral properties. The company’s primary producing asset is the Gibraltar Mine in British Columbia, one of Canada’s largest open-pit copper-molybdenum mines. Taseko operates Gibraltar in partnership with Cariboo Copper Corp.

The company also holds interests in several development-stage projects. These include the Florence Copper project in Arizona, which is designed to produce copper through an in-situ recovery process, and the Yellowhead copper, gold and silver project in British Columbia.