Taseko Mines (TGB) Stock Price Up 7.8%
Shares of Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) rose 7.8% during mid-day trading on Thursday . The stock traded as high as $2.11 and last traded at $2.08. Approximately 1,774,756 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 2,944,418 shares. The stock had previously closed at $1.93.
TGB has been the topic of several research reports. BidaskClub raised shares of Taseko Mines from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 7th. TheStreet raised shares of Taseko Mines from a “d+” rating to a “c-” rating in a research report on Wednesday, October 4th. Finally, Zacks Investment Research raised shares of Taseko Mines from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a research note on Friday, October 20th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Taseko Mines has an average rating of “Hold” and an average target price of $2.50.
The firm has a market cap of $522.06, a P/E ratio of 13.06 and a beta of 2.74.
A number of large investors have recently modified their holdings of TGB. QS Investors LLC purchased a new position in Taseko Mines during the second quarter valued at approximately $142,000. Stifel Financial Corp purchased a new position in Taseko Mines during the third quarter valued at approximately $168,000. Wells Fargo & Company MN grew its stake in Taseko Mines by 342.5% during the third quarter. Wells Fargo & Company MN now owns 103,550 shares of the mining company’s stock valued at $191,000 after acquiring an additional 80,150 shares in the last quarter. Cavalier Investments LLC purchased a new position in Taseko Mines during the third quarter valued at approximately $260,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Taseko Mines by 57.1% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 212,900 shares of the mining company’s stock valued at $394,000 after acquiring an additional 77,370 shares in the last quarter.
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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.
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