Taseko Mines (NYSE:TGB) Upgraded at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Taseko Mines (NYSE:TGB) to a strong-buy rating in a research report report published on Thursday, Zacks.com reports.

Several other research analysts have also issued reports on the company. TD Securities increased their price target on Taseko Mines from $3.25 to $3.50 and gave the stock a buy rating in a report on Tuesday, March 26th. TheStreet upgraded Taseko Mines from a d rating to a c rating in a report on Thursday, March 14th. Finally, Stifel Nicolaus started coverage on Taseko Mines in a report on Tuesday, March 26th. They issued a buy rating on the stock. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Buy and a consensus price target of $3.03.

Taseko Mines Stock Up 2.7 %

Shares of Taseko Mines stock opened at $2.32 on Thursday. Taseko Mines has a one year low of $1.05 and a one year high of $3.15. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.97 and a quick ratio of 1.11. The stock’s 50-day moving average is $2.57 and its 200 day moving average is $1.91. The firm has a market cap of $676.28 million, a price-to-earnings ratio of 9.67 and a beta of 1.79.

Taseko Mines (NYSE:TGB) last announced its earnings results on Wednesday, May 1st. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $109.00 million for the quarter, compared to analyst estimates of $91.89 million. Taseko Mines had a return on equity of 11.44% and a net margin of 17.37%. Equities research analysts anticipate that Taseko Mines will post 0.14 EPS for the current year.

Institutional Investors Weigh In On Taseko Mines

Several large investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Taseko Mines by 22.4% in the fourth 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 during the period. Acuitas Investments LLC increased its holdings in shares of Taseko Mines by 36.0% in the fourth quarter. Acuitas Investments LLC now owns 2,141,258 shares of the company’s stock worth $2,998,000 after buying an additional 566,414 shares during the period. Tidal Investments LLC purchased a new position in shares of Taseko Mines in the first quarter worth about $3,508,000. Anthracite Investment Company Inc. purchased a new position in Taseko Mines during the 4th quarter valued at about $2,077,000. Finally, Herr Investment Group LLC purchased a new position in Taseko Mines during the 1st quarter valued at about $326,000. Institutional investors own 17.94% of the company’s stock.

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.