Taseko Mines Ltd (TGB) Sees Large Increase in Short Interest
Taseko Mines Ltd (NYSE:TGB) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 414,511 shares, an increase of 15.6% from the September 15th total of 358,632 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 164,666 shares, the days-to-cover ratio is presently 2.5 days.
Taseko Mines (NYSE:TGB) traded up 0.0000% during midday trading on Tuesday, reaching $0.4499. The company had a trading volume of 102,812 shares. The stock’s 50 day moving average price is $0.47 and its 200-day moving average price is $0.52. The firm’s market capitalization is $99.80 million. Taseko Mines has a one year low of $0.23 and a one year high of $0.70.
Taseko Mines (NYSE:TGB) last issued its quarterly earnings results on Tuesday, July 26th. The mining company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by $0.02. The business had revenue of $55.01 million for the quarter, compared to analysts’ expectations of $62 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. Taseko Mines’s quarterly revenue was down 40.6% on a year-over-year basis. On average, equities research analysts anticipate that Taseko Mines will post ($0.21) earnings per share for the current year.
A hedge fund recently raised its stake in Taseko Mines stock. Renaissance Technologies LLC boosted its position in shares of Taseko Mines Ltd (NYSE:TGB) by 21.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,067,900 shares of the mining company’s stock after buying an additional 358,700 shares during the period. Renaissance Technologies LLC owned approximately 0.93% of Taseko Mines worth $1,166,000 as of its most recent filing with the SEC.
TGB has been the topic of several research analyst reports. Zacks Investment Research raised Taseko Mines from a “hold” rating to a “buy” rating and set a $0.50 price target on the stock in a research report on Saturday, September 17th. Scotiabank reaffirmed a “sector perform” rating and issued a $0.80 price target on shares of Taseko Mines in a research report on Thursday, July 28th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Taseko Mines currently has an average rating of “Hold” and a consensus target price of $0.78.
About Taseko Mines
Taseko Mines Limited is a mining company. The Company is 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 operating asset is the Gibraltar Mine, a copper mine located in central British Columbia.
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