Analysts Set Taseko Mines Limited (TGB) Target Price at $2.50
Shares of Taseko Mines Limited (NYSEAMERICAN:TGB) (TSE:TKO) have earned a consensus rating of “Buy” from the six research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $2.50.
Several brokerages have commented on TGB. Zacks Investment Research lowered Taseko Mines from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. BidaskClub lowered Taseko Mines from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 16th. Finally, TheStreet raised Taseko Mines from a “d+” rating to a “c-” rating in a research report on Wednesday, October 4th.
Shares of Taseko Mines (NYSEAMERICAN:TGB) traded up $0.03 during trading on Friday, reaching $2.00. The company’s stock had a trading volume of 483,278 shares, compared to its average volume of 932,316. Taseko Mines has a fifty-two week low of $0.71 and a fifty-two week high of $2.46.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in Taseko Mines by 33.0% in the 2nd quarter. Royal Bank of Canada now owns 430,791 shares of the mining company’s stock worth $546,000 after buying an additional 106,879 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Taseko Mines during the 2nd quarter valued at about $1,026,000. Impala Asset Management LLC grew its stake in shares of Taseko Mines by 26.5% during the 2nd quarter. Impala Asset Management LLC now owns 2,883,264 shares of the mining company’s stock valued at $3,662,000 after purchasing an additional 603,264 shares during the period. Cavalier Investments LLC bought a new stake in shares of Taseko Mines during the 3rd quarter valued at about $260,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Taseko Mines by 145.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 386,059 shares of the mining company’s stock valued at $490,000 after purchasing an additional 228,868 shares during the period.
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About Taseko Mines
Taseko Mines Limited is a mining company. The Company is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada and the State of Arizona, the United States. Its projects represent a range of metals, including gold, copper and niobium.
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