Taseko Mines (NYSE:TGB) Reaches New 52-Week High at $2.29

Taseko Mines Limited (NYSE:TGB) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $2.29 and last traded at $2.17, with a volume of 757755 shares changing hands. The stock had previously closed at $2.19.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Stifel Nicolaus started coverage on Taseko Mines in a research note on Tuesday, March 26th. They set a “buy” rating on the stock. TD Securities increased their target price on Taseko Mines from $3.25 to $3.50 and gave the company a “buy” rating in a research note on Tuesday, March 26th. Finally, TheStreet raised Taseko Mines from a “d” rating to a “c” rating in a research note on Thursday, March 14th.

Taseko Mines Stock Up 4.7 %

The firm has a 50 day simple moving average of $1.69 and a two-hundred day simple moving average of $1.42. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.77 and a quick ratio of 0.90. The stock has a market cap of $708.77 million, a price-to-earnings ratio of 12.20 and a beta of 1.99.

Taseko Mines (NYSE:TGB) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Taseko Mines had a return on equity of 11.54% and a net margin of 15.66%. The business had revenue of $112.90 million during the quarter. As a group, sell-side analysts expect that Taseko Mines Limited will post 0.14 EPS for the current year.

Institutional Investors Weigh In On Taseko Mines

Several large investors have recently modified their holdings of the business. Aigen Investment Management LP bought a new position in shares of Taseko Mines during the third quarter worth about $28,000. Citigroup Inc. grew its holdings in shares of Taseko Mines by 139.8% during the fourth quarter. Citigroup Inc. now owns 19,184 shares of the company’s stock worth $28,000 after buying an additional 11,184 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Taseko Mines by 57.1% during the second quarter. LPL Financial LLC now owns 28,761 shares of the company’s stock worth $31,000 after buying an additional 10,450 shares in the last quarter. ExodusPoint Capital Management LP bought a new position in shares of Taseko Mines during the fourth quarter worth about $32,000. Finally, Mariner LLC grew its holdings in shares of Taseko Mines by 41.6% during the fourth quarter. Mariner LLC now owns 22,743 shares of the company’s stock worth $33,000 after buying an additional 6,677 shares in the last quarter. 17.94% of the stock is currently owned by institutional investors.

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 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.