Shares of Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) traded down 7.7% during mid-day trading on Thursday . The stock traded as low as $0.59 and last traded at $0.60. 670,664 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 684,945 shares. The stock had previously closed at $0.65.

Several analysts have issued reports on the company. TheStreet lowered Taseko Mines from a “c-” rating to a “d” rating in a research note on Friday, August 31st. Zacks Investment Research upgraded Taseko Mines from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. Finally, National Bank Financial reiterated a “buy” rating on shares of Taseko Mines in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $0.75.

Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) last released its quarterly earnings data on Wednesday, October 31st. The mining company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $56.85 million during the quarter.

Several large investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Taseko Mines during the second quarter worth about $230,000. Millennium Management LLC grew its position in Taseko Mines by 58.8% during the first quarter. Millennium Management LLC now owns 261,764 shares of the mining company’s stock worth $301,000 after buying an additional 96,892 shares in the last quarter. CIBC World Markets Inc. grew its position in Taseko Mines by 44.7% during the third quarter. CIBC World Markets Inc. now owns 492,198 shares of the mining company’s stock worth $394,000 after buying an additional 152,148 shares in the last quarter. Credit Suisse AG purchased a new position in Taseko Mines during the third quarter worth about $640,000. Finally, Renaissance Technologies LLC grew its position in Taseko Mines by 11.1% during the third quarter. Renaissance Technologies LLC now owns 6,994,904 shares of the mining company’s stock worth $5,596,000 after buying an additional 699,104 shares in the last quarter.

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Taseko Mines Company Profile (NYSEAMERICAN:TGB)

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.

See Also: Debt-To-Equity Ratio

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