Taseko Mines (NYSE:TGB) Receives New Coverage from Analysts at Stifel Nicolaus

Stifel Nicolaus initiated coverage on shares of Taseko Mines (NYSE:TGB) in a report issued on Tuesday, StockNewsAPI reports. The brokerage issued a buy rating on the stock.

Separately, TheStreet raised shares of Taseko Mines from a d rating to a c rating in a research note on Thursday, March 14th.

Taseko Mines Stock Performance

TGB opened at $2.17 on Tuesday. Taseko Mines has a 12-month low of $1.05 and a 12-month high of $2.25. The company has a current ratio of 1.77, a quick ratio of 0.90 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $630.34 million, a PE ratio of 10.85 and a beta of 1.94. The firm has a 50 day moving average of $1.61 and a two-hundred day moving average of $1.39.

Taseko Mines (NYSE:TGB) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $112.90 million for the quarter. Taseko Mines had a return on equity of 11.54% and a net margin of 15.66%. On average, analysts anticipate that Taseko Mines will post 0.09 EPS for the current year.

Institutional Investors Weigh In On Taseko Mines

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its stake in Taseko Mines by 14.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,576,072 shares of the company’s stock worth $2,207,000 after purchasing an additional 197,287 shares during the last quarter. Legal & General Group Plc boosted its stake in Taseko Mines by 6.6% during the 4th quarter. Legal & General Group Plc now owns 197,732 shares of the company’s stock worth $279,000 after purchasing an additional 12,200 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in Taseko Mines during the 4th quarter worth $350,000. Royal Bank of Canada boosted its position in shares of Taseko Mines by 10.4% during the 4th quarter. Royal Bank of Canada now owns 357,590 shares of the company’s stock valued at $501,000 after acquiring an additional 33,648 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of Taseko Mines by 3,287.4% during the 4th quarter. US Bancorp DE now owns 43,392 shares of the company’s stock valued at $61,000 after acquiring an additional 42,111 shares during the last quarter. Institutional investors and hedge funds 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 87.5% 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.