Taseko Mines Ltd (TGB) Sees Large Increase in Short Interest
Taseko Mines Ltd (NYSE:TGB) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 414,511 shares, an increase of 15.6% from the September 15th total of 358,632 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 164,666 shares, the days-to-cover ratio is presently 2.5 days.
An institutional investor recently raised its position in Taseko Mines stock. Renaissance Technologies LLC raised its position in shares of Taseko Mines Ltd (NYSE:TGB) by 21.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,067,900 shares of the mining company’s stock after buying an additional 358,700 shares during the period. Renaissance Technologies LLC owned 0.93% of Taseko Mines worth $1,166,000 at the end of the most recent reporting period.
A number of equities research analysts have recently issued reports on TGB shares. Scotiabank reaffirmed a “sector perform” rating and issued a $0.80 target price on shares of Taseko Mines in a report on Thursday, July 28th. Zacks Investment Research raised shares of Taseko Mines from a “sell” rating to a “hold” rating in a report on Tuesday, July 19th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Taseko Mines currently has an average rating of “Hold” and a consensus target price of $0.78.
Shares of Taseko Mines (NYSE:TGB) traded up 0.0000% on Tuesday, reaching $0.4499. 102,812 shares of the company were exchanged. Taseko Mines has a 12-month low of $0.23 and a 12-month high of $0.70. The firm’s market capitalization is $99.80 million. The company’s 50 day moving average is $0.47 and its 200 day moving average is $0.52.
Taseko Mines (NYSE:TGB) last issued its quarterly earnings data on Tuesday, July 26th. The mining company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.02. The firm had revenue of $55.01 million for the quarter, compared to analysts’ expectations of $62 million. Taseko Mines’s revenue was down 40.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.01 EPS. Analysts forecast that Taseko Mines will post ($0.21) earnings per share for the current year.
Taseko Mines Company Profile
Taseko Mines Limited is a mining company. The Company is engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada and the State of Arizona, the United States. Its operating asset is the Gibraltar Mine, a copper mine located in central British Columbia.
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