Taseko Mines (NYSE:TGB) Sets New 52-Week High at $2.72

Shares of Taseko Mines Limited (NYSE:TGB - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $2.72 and last traded at $2.72, with a volume of 1204212 shares. The stock had previously closed at $2.57.

Analyst Ratings Changes

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

Taseko Mines Stock Performance

The business's fifty day moving average is $2.27 and its two-hundred day moving average is $1.68. The stock has a market capitalization of $798.71 million, a PE ratio of 11.42 and a beta of 1.91. The company has a quick ratio of 1.11, a current ratio of 1.97 and a debt-to-equity ratio of 1.34.

Taseko Mines (NYSE:TGB - Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $112.90 million for the quarter. Taseko Mines had a net margin of 17.37% and a return on equity of 11.44%. As a group, research analysts anticipate that Taseko Mines Limited will post 0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Taseko Mines

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Anthracite Investment Company Inc. bought a new position in Taseko Mines in the fourth quarter worth approximately $2,077,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Taseko Mines by 22.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,620,259 shares of the company's stock valued at $10,668,000 after buying an additional 1,394,848 shares during the period. Acuitas Investments LLC increased its stake in shares of Taseko Mines by 36.0% during the fourth quarter. Acuitas Investments LLC now owns 2,141,258 shares of the company's stock valued at $2,998,000 after buying an additional 566,414 shares during the period. Herr Investment Group LLC bought a new stake in shares of Taseko Mines in the first quarter valued at about $326,000. Finally, Quantbot Technologies LP purchased a new stake in Taseko Mines in the first quarter worth about $307,000. Hedge funds and other institutional investors own 17.94% of the company's stock.

About Taseko Mines

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.