Taseko Mines Ltd (TGB) Cut to Buy at BidaskClub
Taseko Mines Ltd (NYSEMKT:TGB) (TSE:TKO) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.
A number of other equities research analysts also recently commented on the stock. Zacks Investment Research raised shares of Taseko Mines from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. ValuEngine raised shares of Taseko Mines from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Taseko Mines has an average rating of “Hold” and an average price target of $1.38.
Taseko Mines (NYSEMKT TGB) opened at 1.85 on Friday. The stock has a 50 day moving average of $1.75 and a 200 day moving average of $1.38. The firm has a market capitalization of $418.52 million and a price-to-earnings ratio of 46.25. Taseko Mines has a one year low of $0.41 and a one year high of $2.05.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TGB. QS Investors LLC acquired a new stake in shares of Taseko Mines in the second quarter worth approximately $142,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of 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 acquiring an additional 80,686 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Taseko Mines in the first quarter worth approximately $192,000. Russell Investments Group Ltd. acquired a new stake in shares of Taseko Mines in the first quarter worth approximately $208,000. Finally, Spark Investment Management LLC acquired a new stake in shares of Taseko Mines in the first quarter worth approximately $289,000.
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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