Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) shares dropped 1.7% during mid-day trading on Tuesday . The company traded as low as $2.03 and last traded at $2.33. Approximately 755,000 shares changed hands during trading, a decline of 18% from the average daily volume of 923,810 shares. The stock had previously closed at $2.37.

TGB has been the topic of a number of research analyst reports. BidaskClub lowered Taseko Mines from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 16th. Zacks Investment Research raised Taseko Mines from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a report on Tuesday, September 5th. Finally, TheStreet raised Taseko Mines from a “d+” rating to a “c-” rating in a report on Wednesday, October 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $2.50.

The company has a market capitalization of $522.06, a price-to-earnings ratio of 13.38 and a beta of 2.74.

A number of institutional investors and hedge funds have recently modified their holdings of TGB. Hillsdale Investment Management Inc. increased its stake in Taseko Mines by 358.3% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 3,718,800 shares of the mining company’s stock worth $6,979,000 after purchasing an additional 2,907,300 shares in the last quarter. Greystone Managed Investments Inc. boosted its position in Taseko Mines by 39.6% during the 3rd quarter. Greystone Managed Investments Inc. now owns 3,653,450 shares of the mining company’s stock worth $6,836,000 after acquiring an additional 1,037,300 shares during the period. AJO LP acquired a new stake in Taseko Mines during the 2nd quarter worth about $1,087,000. OxFORD Asset Management LLP acquired a new stake in Taseko Mines during the 3rd quarter worth about $1,175,000. Finally, Impala Asset Management LLC boosted its position in Taseko Mines by 26.5% during the 2nd quarter. Impala Asset Management LLC now owns 2,883,264 shares of the mining company’s stock worth $3,662,000 after acquiring an additional 603,264 shares during the period.

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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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