Taseko Mines (NYSE:TGB) Hits New 52-Week High at $2.62

Taseko Mines Limited (NYSE:TGB - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $2.62 and last traded at $2.62, with a volume of 6500 shares changing hands. The stock had previously closed at $2.60.

Analyst Ratings Changes

TGB has been the topic of several research analyst reports. Stifel Nicolaus initiated coverage on shares of Taseko Mines in a research report on Tuesday, March 26th. They issued a "buy" rating on the stock. TD Securities lifted their target price on shares of Taseko Mines from $3.25 to $3.50 and gave the company a "buy" rating in a research report on Tuesday, March 26th. Finally, TheStreet upgraded shares of Taseko Mines from a "d" rating to a "c" rating in a research report on Thursday, March 14th.

Taseko Mines Stock Up 2.3 %

The stock has a market capitalization of $773.29 million, a price-to-earnings ratio of 13.15 and a beta of 1.98. The business's 50-day moving average is $2.03 and its two-hundred day moving average is $1.56. The company has a quick ratio of 0.90, a current ratio of 1.77 and a debt-to-equity ratio of 1.41.

Taseko Mines (NYSE:TGB - Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.06 earnings per share 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%. Equities analysts anticipate that Taseko Mines Limited will post 0.16 EPS for the current year.

Hedge Funds Weigh In On Taseko Mines

A number of institutional investors and hedge funds have recently bought and sold shares of TGB. Cahaba Wealth Management Inc. grew its stake in shares of Taseko Mines by 38.2% in the 4th quarter. Cahaba Wealth Management Inc. now owns 36,134 shares of the company's stock valued at $51,000 after buying an additional 9,980 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Taseko Mines in the 3rd quarter valued at approximately $28,000. Private Wealth Management Group LLC purchased a new stake in shares of Taseko Mines in the 4th quarter valued at approximately $38,000. Mackenzie Financial Corp purchased a new stake in shares of Taseko Mines in the 4th quarter valued at approximately $102,000. Finally, Acuitas Investments LLC grew its stake in shares of Taseko Mines by 29.8% in the 3rd quarter. Acuitas Investments LLC now owns 1,574,844 shares of the company's stock valued at $2,000,000 after buying an additional 361,227 shares during the period. 17.94% of the stock is currently owned by institutional investors and hedge funds.

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 100% 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.