Shares of Taseko Mines Ltd (NYSEMKT:TGB) (TSE:TKO) have been given an average rating of “Buy” by the seven research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $1.25.

A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Taseko Mines from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. BidaskClub raised shares of Taseko Mines from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Finally, ValuEngine raised shares of Taseko Mines from a “hold” rating to a “buy” rating in a report on Friday, June 16th.

Taseko Mines (NYSEMKT TGB) traded up 5.21% during trading on Wednesday, hitting $2.02. 1,886,766 shares of the stock were exchanged. The firm has a 50-day moving average of $1.61 and a 200-day moving average of $1.34. Taseko Mines has a 52 week low of $0.41 and a 52 week high of $2.02. The stock has a market capitalization of $456.98 million and a price-to-earnings ratio of 50.50.

Hedge funds have recently made changes to their positions in the company. Greystone Managed Investments Inc. acquired a new stake in Taseko Mines in the 2nd quarter valued at $3,304,000. Acadian Asset Management LLC grew its position in Taseko Mines by 399.6% in the 1st quarter. Acadian Asset Management LLC now owns 2,274,194 shares of the mining company’s stock valued at $2,998,000 after purchasing an additional 1,819,034 shares during the period. Impala Asset Management LLC grew its position in Taseko Mines by 220.0% in the 1st quarter. Impala Asset Management LLC now owns 2,280,000 shares of the mining company’s stock valued at $3,010,000 after purchasing an additional 1,567,500 shares during the period. Renaissance Technologies LLC grew its position in Taseko Mines by 38.8% in the 1st quarter. Renaissance Technologies LLC now owns 4,354,600 shares of the mining company’s stock valued at $5,751,000 after purchasing an additional 1,216,700 shares during the period. Finally, Norges Bank acquired a new stake in Taseko Mines in the 4th quarter valued at $869,000.

TRADEMARK VIOLATION WARNING: This story was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/09/04/taseko-mines-ltd-tgb-receives-1-25-average-pt-from-analysts.html.

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.

Receive News & Stock Ratings for Taseko Mines Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taseko Mines Ltd and related stocks with our FREE daily email newsletter.