Taseko Mines Ltd (TGB) Stock Rating Upgraded by BidaskClub
Taseko Mines Ltd (NYSEMKT:TGB) (TSE:TKO) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Friday.
Several other equities analysts have also issued reports on the company. Zacks Investment Research raised Taseko Mines from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a report on Wednesday. ValuEngine raised Taseko Mines from a “hold” rating to a “buy” rating in a report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $1.25.
Taseko Mines (NYSEMKT:TGB) opened at 1.92 on Friday. Taseko Mines has a 1-year low of $0.41 and a 1-year high of $1.95. The company has a market capitalization of $434.36 million and a P/E ratio of 48.00. The firm has a 50-day moving average price of $1.59 and a 200-day moving average price of $1.34.
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A number of institutional investors have recently made changes to their positions in TGB. Norges Bank purchased a new position in shares of Taseko Mines during the fourth quarter valued at $869,000. Acadian Asset Management LLC raised its position in shares of Taseko Mines by 399.6% in the first quarter. Acadian Asset Management LLC now owns 2,274,194 shares of the mining company’s stock valued at $2,998,000 after buying an additional 1,819,034 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Taseko Mines during the first quarter valued at $208,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Taseko Mines by 147.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 135,530 shares of the mining company’s stock valued at $179,000 after buying an additional 80,686 shares during the period. Finally, Phoenix Investment Adviser LLC raised its position in shares of Taseko Mines by 60.5% in the first quarter. Phoenix Investment Adviser LLC now owns 902,004 shares of the mining company’s stock valued at $1,191,000 after buying an additional 340,000 shares during the period.
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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