Taseko Mines (NYSE:TGB) Sees Large Volume Increase

Taseko Mines Limited (NYSE:TGB - Get Free Report) shares saw strong trading volume on Tuesday . 1,077,388 shares were traded during trading, a decline of 42% from the previous session's volume of 1,847,154 shares.The stock last traded at $2.53 and had previously closed at $2.45.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. TheStreet upgraded shares of Taseko Mines from a "d" rating to a "c" rating in a report on Thursday, March 14th. 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 report on Tuesday, March 26th. Finally, Stifel Nicolaus assumed coverage on shares of Taseko Mines in a report on Tuesday, March 26th. They set a "buy" rating on the stock.

Taseko Mines Price Performance

The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.90 and a current ratio of 1.77. The stock has a market cap of $734.91 million, a price-to-earnings ratio of 12.50 and a beta of 1.98. The business's fifty day simple moving average is $1.74 and its 200 day simple moving average is $1.44.

Taseko Mines (NYSE:TGB - Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). Taseko Mines had a return on equity of 11.54% and a net margin of 15.66%. The firm had revenue of $112.90 million during the quarter. Research analysts predict that Taseko Mines Limited will post 0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Taseko Mines

A number of institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in Taseko Mines by 14.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,576,072 shares of the company's stock worth $2,207,000 after buying an additional 197,287 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Taseko Mines by 6.6% during the fourth 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 bought a new position in shares of Taseko Mines during the fourth quarter worth about $350,000. Royal Bank of Canada lifted its position in shares of Taseko Mines by 10.4% during the fourth quarter. Royal Bank of Canada now owns 357,590 shares of the company's stock worth $501,000 after purchasing an additional 33,648 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Taseko Mines by 3,287.4% during the fourth quarter. US Bancorp DE now owns 43,392 shares of the company's stock worth $61,000 after purchasing 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.