Zacks Investment Research upgraded shares of Taseko Mines Ltd (NYSEMKT:TGB) (TSE:TKO) from a hold rating to a buy rating in a research report report published on Thursday, July 27th. They currently have $1.75 price target 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 raised shares of Taseko Mines from a hold rating to a buy rating in a research note on Friday, June 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $1.13.
Taseko Mines (TGB) traded down 1.21% on Thursday, reaching $1.63. 595,559 shares of the company traded hands. The stock has a 50-day moving average of $1.42 and a 200 day moving average of $1.31. Taseko Mines has a 52-week low of $0.41 and a 52-week high of $1.70. The company has a market capitalization of $368.75 million and a PE ratio of 40.75.
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Large investors have recently bought and sold shares of the company. CIBC World Markets Inc. boosted its stake in Taseko Mines by 5.9% in the second quarter. CIBC World Markets Inc. now owns 316,785 shares of the mining company’s stock worth $402,000 after buying an additional 17,776 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in 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 worth $179,000 after buying an additional 80,686 shares during the last quarter. Royal Bank of Canada boosted its stake in Taseko Mines by 33.0% in the second quarter. Royal Bank of Canada now owns 430,791 shares of the mining company’s stock worth $546,000 after buying an additional 106,879 shares during the last quarter. QS Investors LLC bought a new stake in Taseko Mines during the second quarter worth approximately $142,000. Finally, Spark Investment Management LLC boosted its stake in Taseko Mines by 59.2% in the second quarter. Spark Investment Management LLC now owns 347,000 shares of the mining company’s stock worth $439,000 after buying an additional 129,000 shares during the last quarter.
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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