Taseko Mines Ltd (NYSEMKT:TGB) Upgraded at BidaskClub
Taseko Mines Ltd (NYSEMKT:TGB) (TSE:TKO) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.
TGB has been the topic of several other research reports. ValuEngine upgraded Taseko Mines from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Zacks Investment Research upgraded Taseko Mines from a “hold” rating to a “buy” rating and set a $1.75 price target on the stock in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $1.13.
Taseko Mines (NYSEMKT:TGB) traded up 1.30% on Friday, hitting $1.56. 825,033 shares of the stock were exchanged. Taseko Mines has a one year low of $0.41 and a one year high of $1.63. The company’s 50 day moving average price is $1.29 and its 200-day moving average price is $1.29. The company’s market cap is $352.79 million.
A number of institutional investors have recently made changes to their positions in TGB. Norges Bank acquired a new stake in Taseko Mines during the fourth quarter valued at $869,000. Renaissance Technologies LLC boosted its stake in Taseko Mines by 18.5% in the fourth quarter. Renaissance Technologies LLC now owns 3,137,900 shares of the mining company’s stock valued at $2,675,000 after buying an additional 490,700 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Taseko Mines by 50.5% in the second quarter. Acadian Asset Management LLC now owns 3,421,799 shares of the mining company’s stock valued at $4,350,000 after buying an additional 1,147,605 shares in the last quarter. Greystone Managed Investments Inc. acquired a new stake in Taseko Mines during the second quarter valued at $3,304,000. Finally, Russell Investments Group Ltd. acquired a new stake in Taseko Mines during the first quarter valued at $208,000.
About Taseko Mines
Taseko Mines Limited is a mining company. The Company is principally 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 projects represent a range of metals, including gold, copper and niobium.
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