Taseko Mines (NYSE:TGB) Stock Price Down 5.3%

Taseko Mines Limited (NYSE:TGB - Get Free Report) shares traded down 5.3% during mid-day trading on Tuesday . The stock traded as low as $2.50 and last traded at $2.52. 904,346 shares traded hands during trading, a decline of 57% from the average session volume of 2,089,255 shares. The stock had previously closed at $2.66.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. TD Securities upped their price objective on shares of Taseko Mines from $3.25 to $3.50 and gave the company a "buy" rating in a research note on Tuesday, March 26th. TheStreet raised Taseko Mines from a "d" rating to a "c" rating in a research note on Thursday, March 14th. Finally, Stifel Nicolaus began coverage on Taseko Mines in a research note on Tuesday, March 26th. They issued a "buy" rating for the company.

Taseko Mines Price Performance

The firm has a market cap of $715.15 million, a price-to-earnings ratio of 12.30 and a beta of 1.98. The stock's fifty day moving average price is $2.07 and its 200-day moving average price is $1.58. The company has a current ratio of 1.77, a quick ratio of 0.90 and a debt-to-equity ratio of 1.41.

Taseko Mines (NYSE:TGB - Get Free Report) last posted its earnings results on Thursday, March 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Taseko Mines had a return on equity of 11.54% and a net margin of 15.66%. The business had revenue of $112.90 million for the quarter. As a group, equities research analysts forecast that Taseko Mines Limited will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of Taseko Mines

Institutional investors have recently added to or reduced their stakes in the stock. Aigen Investment Management LP purchased a new position in shares of Taseko Mines during the third quarter worth $28,000. Private Wealth Management Group LLC acquired a new position in Taseko Mines during the 4th quarter worth about $38,000. Cahaba Wealth Management Inc. boosted its holdings in Taseko Mines by 38.2% during the 4th quarter. Cahaba Wealth Management Inc. now owns 36,134 shares of the company's stock valued at $51,000 after acquiring an additional 9,980 shares during the period. Mackenzie Financial Corp acquired a new position in Taseko Mines in the 4th quarter valued at about $102,000. Finally, Acuitas Investments LLC increased its stake in Taseko Mines by 29.8% during the third quarter. Acuitas Investments LLC now owns 1,574,844 shares of the company's stock worth $2,000,000 after purchasing an additional 361,227 shares during the period. 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 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.