Taseko Mines Ltd (TGB) Forecasted to Earn Q4 2017 Earnings of $0.02 Per Share

Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) – Analysts at National Bank Financial issued their Q4 2017 earnings per share estimates for Taseko Mines in a report released on Wednesday, according to Zacks Investment Research. National Bank Financial analyst D. Demarco anticipates that the mining company will post earnings per share of $0.02 for the quarter.

A number of other brokerages also recently issued reports on TGB. Zacks Investment Research downgraded Taseko Mines from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. BidaskClub downgraded Taseko Mines from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 28th. Finally, Cantor Fitzgerald initiated coverage on Taseko Mines in a research note on Friday, January 26th. They issued a “buy” rating for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Taseko Mines presently has an average rating of “Buy” and a consensus target price of $2.50.

Shares of Taseko Mines (TGB) opened at $1.82 on Friday. The company has a market capitalization of $402.40, a price-to-earnings ratio of 11.38 and a beta of 2.40. Taseko Mines has a 12-month low of $1.00 and a 12-month high of $2.46.

Several hedge funds have recently bought and sold shares of TGB. QS Investors LLC bought a new position in shares of Taseko Mines during the 2nd quarter worth $142,000. Royal Bank of Canada boosted its stake in Taseko Mines by 33.0% in the 2nd quarter. Royal Bank of Canada now owns 430,791 shares of the mining company’s stock worth $546,000 after purchasing an additional 106,879 shares during the period. Cavalier Investments LLC bought a new position in Taseko Mines in the 3rd quarter worth about $260,000. Greystone Managed Investments Inc. boosted its stake in Taseko Mines by 39.6% in the 3rd quarter. Greystone Managed Investments Inc. now owns 3,653,450 shares of the mining company’s stock worth $6,836,000 after purchasing an additional 1,037,300 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Taseko Mines by 57.1% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 212,900 shares of the mining company’s stock worth $394,000 after purchasing an additional 77,370 shares during the period.

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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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