Taseko Mines (NYSEAMERICAN:TGB) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Taseko Mines (NYSEAMERICAN:TGB) in a research report released on Thursday morning, MarketBeat.com reports. The firm issued a buy rating on the stock.

Several other research firms have also recently commented on TGB. Zacks Research raised Taseko Mines from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Cantor Fitzgerald upgraded Taseko Mines from a “buy” rating to a “buy” rating and set a $9.00 price target on the stock in a report on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Taseko Mines presently has an average rating of “Moderate Buy” and an average target price of $9.00.

Taseko Mines Price Performance

Shares of TGB stock opened at $9.19 on Thursday. Taseko Mines has a 1 year low of $3.07 and a 1 year high of $9.33. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.85. The firm’s 50 day moving average is $7.44 and its 200-day moving average is $7.34. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 459.73 and a beta of 1.31.

Institutional Trading of Taseko Mines

A number of institutional investors have recently bought and sold shares of TGB. Dynamic Technology Lab Private Ltd acquired a new position in shares of Taseko Mines in the 1st quarter valued at $65,000. Goldman Sachs Group Inc. grew its stake in shares of Taseko Mines by 198.9% during the first quarter. Goldman Sachs Group Inc. now owns 988,072 shares of the company’s stock worth $2,213,000 after purchasing an additional 657,477 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Taseko Mines by 10.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,541,741 shares of the company’s stock worth $3,454,000 after purchasing an additional 146,154 shares during the period. Focus Partners Wealth increased its holdings in Taseko Mines by 19.9% in the first quarter. Focus Partners Wealth now owns 60,200 shares of the company’s stock valued at $135,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Taseko Mines by 8.0% in the second quarter. Geode Capital Management LLC now owns 179,245 shares of the company’s stock valued at $564,000 after purchasing an additional 13,261 shares during the last quarter. Institutional investors and hedge funds own 17.94% of the company’s stock.

Taseko Mines Company Profile

Taseko Mines Ltd. is a Vancouver‐based mining company primarily engaged in the exploration, development and production of copper‐based projects. Its flagship operation is the Gibraltar copper mine in central British Columbia, which ranks among Canada’s largest open pit copper producers. In addition to copper, Gibraltar yields byproducts such as molybdenum and silver, reflecting Taseko’s focus on base and precious metals.

Beyond Gibraltar, Taseko holds two advanced development assets.