Taseko Mines Ltd (TGB) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of Taseko Mines Ltd (NYSEMKT:TGB) (TSE:TKO) from a hold rating to a buy rating in a research note published on Thursday morning. The firm currently has $1.75 price objective on the mining company’s stock.
According to Zacks, “Taseko Mines is focused on acquiring ownership of and advancing exploration and related activities on known mineral deposits that have as their basic characteristic, large tonnage (based on extensive drill testing for continuity) mineralization which, under metals price assumptions that fall within historical averages, are potentially capable of supporting a mine for 10 years and longer. “
Separately, ValuEngine upgraded Taseko Mines from a hold rating to a buy rating in a research report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $1.13.
Shares of Taseko Mines (TGB) opened at 1.49 on Thursday. Taseko Mines has a 52-week low of $0.41 and a 52-week high of $1.63. The company’s 50-day moving average is $1.28 and its 200-day moving average is $1.28. The firm’s market cap is $336.96 million.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://www.watchlistnews.com/taseko-mines-ltd-tgb-upgraded-to-buy-by-zacks-investment-research/1463621.html.
Several large investors have recently made changes to their positions in TGB. CIBC World Markets Inc. raised its stake in shares of Taseko Mines by 23.3% in the first quarter. CIBC World Markets Inc. now owns 299,009 shares of the mining company’s stock valued at $395,000 after buying an additional 56,530 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake 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 in the last quarter. Spark Investment Management LLC raised its stake in shares of Taseko Mines by 59.2% in the second quarter. Spark Investment Management LLC now owns 347,000 shares of the mining company’s stock valued at $439,000 after buying an additional 129,000 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Taseko Mines during the first quarter valued at about $192,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Taseko Mines during the first quarter valued at about $208,000.
Taseko Mines Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Taseko Mines Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taseko Mines Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.