Taseko Mines (NYSE:TGB) Raised to “Outperform” at National Bank Financial

Taseko Mines (NYSE:TGB) was upgraded by analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports.

Separately, StockNews.com cut shares of Taseko Mines from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $3.50.

Taseko Mines Stock Performance

Shares of Taseko Mines stock traded up $0.03 during trading hours on Tuesday, hitting $2.12. 302,310 shares of the company were exchanged, compared to its average volume of 2,976,895. Taseko Mines has a 1 year low of $1.14 and a 1 year high of $3.15. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48. The business has a 50-day moving average of $2.26 and a 200-day moving average of $2.30. The stock has a market capitalization of $644.07 million, a price-to-earnings ratio of 11.13 and a beta of 1.72.

Taseko Mines (NYSE:TGB) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Taseko Mines had a return on equity of 15.25% and a net margin of 12.69%. The firm had revenue of $114.08 million for the quarter, compared to analyst estimates of $112.48 million. As a group, analysts expect that Taseko Mines will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Taseko Mines

Several hedge funds have recently bought and sold shares of TGB. SG Americas Securities LLC acquired a new stake in shares of Taseko Mines during the third quarter worth $38,000. Quantinno Capital Management LP bought a new position in shares of Taseko Mines in the 3rd quarter valued at about $38,000. Ballentine Partners LLC acquired a new stake in shares of Taseko Mines during the 3rd quarter worth about $42,000. Capstone Investment Advisors LLC acquired a new stake in Taseko Mines in the 3rd quarter worth about $56,000. Finally, Signaturefd LLC raised its stake in Taseko Mines by 21.9% in the 3rd quarter. Signaturefd LLC now owns 46,808 shares of the company’s stock worth $118,000 after purchasing an additional 8,397 shares in the last quarter. 17.94% of the stock is currently owned by institutional investors and hedge funds.

Taseko Mines Company Profile

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company’s principal asset comprises 100% interest owned the Gibraltar mine located in British Columbia. It also holds interest in the Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.