Taseko Mines (NYSE:TGB – Free Report) had its price target lifted by TD Securities from $3.25 to $3.50 in a research report sent to investors on Tuesday morning, Benzinga reports. TD Securities currently has a buy rating on the stock.
A number of other research firms have also issued reports on TGB. TheStreet upgraded Taseko Mines from a d rating to a c rating in a research report on Thursday, March 14th. Stifel Nicolaus began coverage on Taseko Mines in a research report on Tuesday. They set a buy rating for the company.
Get Our Latest Stock Report on Taseko Mines
Taseko Mines Trading Down 1.8 %
Taseko Mines (NYSE:TGB – Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Taseko Mines had a net margin of 15.66% and a return on equity of 11.54%. The company had revenue of $112.90 million for the quarter. Equities research analysts predict that Taseko Mines will post 0.09 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in TGB. BlackRock Inc. boosted its position in Taseko Mines by 38.8% during the 3rd quarter. BlackRock Inc. now owns 9,769,733 shares of the company’s stock worth $11,137,000 after acquiring an additional 2,730,110 shares during the period. Anthracite Investment Company Inc. acquired a new position in Taseko Mines during the 4th quarter worth $2,077,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Taseko Mines by 22.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,620,259 shares of the company’s stock worth $10,668,000 after buying an additional 1,394,848 shares in the last quarter. Credit Suisse AG raised its stake in shares of Taseko Mines by 570.8% in the 2nd quarter. Credit Suisse AG now owns 1,604,635 shares of the company’s stock worth $3,049,000 after buying an additional 1,365,423 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Taseko Mines by 18.6% in the 1st quarter. Renaissance Technologies LLC now owns 7,913,714 shares of the company’s stock worth $18,139,000 after buying an additional 1,240,532 shares in the last quarter. Institutional investors and hedge funds own 17.94% of the company’s stock.
About Taseko Mines
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 87.5% 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.
Featured Stories
- Five stocks we like better than Taseko Mines
- Technology Stocks Explained: Here’s What to Know About Tech
- 3 Value Stocks Too Small For Buffett’s Portfolio
- Compound Interest and Why It Matters When Investing
- Foot Locker Builds Up Another Head of Steam; Gains Imminent
- Where to Find Earnings Call Transcripts
- Disney Stock Catches 3 Upgrades In a Single Week
Receive News & Ratings for Taseko Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taseko Mines and related companies with MarketBeat.com's FREE daily email newsletter.