Taseko Mines Ltd (TGB) Short Interest Update
Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) saw a large decline in short interest in the month of September. As of September 14th, there was short interest totalling 232,861 shares, a decline of 41.4% from the August 31st total of 397,064 shares. Based on an average daily volume of 332,948 shares, the days-to-cover ratio is currently 0.7 days.
Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC bought a new position in shares of Taseko Mines in the first quarter worth $144,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Taseko Mines in the second quarter worth $230,000. Millennium Management LLC increased its holdings in shares of Taseko Mines by 58.8% in the first quarter. Millennium Management LLC now owns 261,764 shares of the mining company’s stock worth $301,000 after purchasing an additional 96,892 shares during the period. Finally, CIBC World Markets Inc. increased its holdings in shares of Taseko Mines by 333.0% in the first quarter. CIBC World Markets Inc. now owns 295,270 shares of the mining company’s stock worth $340,000 after purchasing an additional 227,085 shares during the period.
A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Taseko Mines from a “sell” rating to a “hold” rating in a report on Thursday, June 14th. TD Securities raised shares of Taseko Mines from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Finally, TheStreet cut shares of Taseko Mines from a “c-” rating to a “d” rating in a report on Friday, August 31st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $0.75.
Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) last issued its earnings results on Tuesday, August 7th. The mining company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $73.06 million for the quarter. Taseko Mines had a negative net margin of 7.97% and a negative return on equity of 8.19%.
About Taseko Mines
Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties in Canada and the United States. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds a 75% interest in the Gibraltar copper-molybdenum mine located in south-central British Columbia.
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