Taseko Mines (TGB) Receives “Buy” Rating from National Bank Financial
National Bank Financial reaffirmed their buy rating on shares of Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) in a report published on Wednesday. National Bank Financial also issued estimates for Taseko Mines’ Q4 2018 earnings at $0.00 EPS, FY2018 earnings at ($0.02) EPS, FY2019 earnings at $0.09 EPS and FY2020 earnings at $0.10 EPS.
Several other brokerages have also weighed in on TGB. Zacks Investment Research raised shares of Taseko Mines from a sell rating to a hold rating in a research report on Thursday, August 30th. TD Securities raised shares of Taseko Mines from a hold rating to a buy rating in a research report on Wednesday, August 8th. Finally, TheStreet lowered shares of Taseko Mines from a c- rating to a d rating in a research report on Friday, August 31st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $0.75.
NYSEAMERICAN TGB opened at $0.62 on Wednesday. Taseko Mines has a 52-week low of $0.59 and a 52-week high of $2.38.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC grew its holdings in Taseko Mines by 58.8% during the first quarter. Millennium Management LLC now owns 261,764 shares of the mining company’s stock valued at $301,000 after purchasing an additional 96,892 shares during the last quarter. CIBC World Markets Inc. grew its holdings in Taseko Mines by 44.7% during the third quarter. CIBC World Markets Inc. now owns 492,198 shares of the mining company’s stock valued at $394,000 after purchasing an additional 152,148 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Taseko Mines during the second quarter valued at approximately $230,000. Renaissance Technologies LLC grew its holdings in Taseko Mines by 11.1% during the third quarter. Renaissance Technologies LLC now owns 6,994,904 shares of the mining company’s stock valued at $5,596,000 after purchasing an additional 699,104 shares during the last quarter. Finally, Credit Suisse AG acquired a new position in Taseko Mines during the third quarter valued at approximately $640,000.
Taseko Mines Company Profile
Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties in Canada and the United States. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds a 75% interest in the Gibraltar copper-molybdenum mine located in south-central British Columbia.
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