Taseko Mines Limited (NYSEAMERICAN:TGB) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• "Moderate Buy" consensus from five analysts (four buys, one sell) with an average one‑year price objective of $7.00.
• TGB recently traded at $7.25 with a market cap of $2.65 billion, a negative PE of -103.56, a 12‑month range of $1.89–$9.25, and 50/200‑day moving averages of $7.12 and $6.32 respectively.
• Significant institutional buying: L1 Capital increased its stake to 35.55M shares (≈$201.19M) and TD Asset Management raised its position by 815.7%, with institutions owning 17.94% of the stock.

Taseko Mines Limited (NYSEAMERICAN:TGB - Get Free Report) has earned a consensus rating of "Moderate Buy" from the five analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $7.00.

Several equities research analysts recently weighed in on the stock. Zacks Research lowered shares of Taseko Mines from a "hold" rating to a "strong sell" rating in a research note on Thursday, April 16th. Cantor Fitzgerald upgraded shares of Taseko Mines from a "buy" rating to a "buy" rating and set a $9.00 price objective on the stock in a research note on Thursday. BMO Capital Markets reiterated an "outperform" rating on shares of Taseko Mines in a research note on Wednesday, January 14th. Canaccord Genuity Group increased their price objective on shares of Taseko Mines from C$13.50 to C$14.00 and gave the stock a "buy" rating in a research note on Tuesday, April 21st. Finally, TD Securities reiterated a "buy" rating on shares of Taseko Mines in a research note on Monday, February 23rd.

Taseko Mines Stock Performance

TGB traded down $0.27 on Thursday, hitting $7.25. 6,617,230 shares of the company's stock were exchanged, compared to its average volume of 6,531,066. The firm has a market cap of $2.65 billion, a PE ratio of -103.56 and a beta of 1.26. Taseko Mines has a twelve month low of $1.89 and a twelve month high of $9.25. The stock has a fifty day moving average of $7.12 and a two-hundred day moving average of $6.32. The company has a current ratio of 1.50, a quick ratio of 0.92 and a debt-to-equity ratio of 0.91.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. L1 Capital Pty Ltd grew its position in Taseko Mines by 45.2% in the fourth quarter. L1 Capital Pty Ltd now owns 35,545,632 shares of the company's stock worth $201,190,000 after buying an additional 11,066,233 shares during the last quarter. TD Asset Management Inc grew its position in Taseko Mines by 815.7% in the fourth quarter. TD Asset Management Inc now owns 3,635,594 shares of the company's stock worth $20,608,000 after buying an additional 3,238,558 shares during the last quarter. Montrusco Bolton Investments Inc. acquired a new position in Taseko Mines in the third quarter worth approximately $12,260,000. Mackenzie Financial Corp grew its position in Taseko Mines by 78.6% in the fourth quarter. Mackenzie Financial Corp now owns 6,350,898 shares of the company's stock worth $35,818,000 after buying an additional 2,794,210 shares during the last quarter. Finally, Hatch Cove Capital LLC acquired a new position in Taseko Mines in the fourth quarter worth approximately $14,773,000. 17.94% of the stock is owned by institutional investors and hedge funds.

Taseko Mines Company Profile

Taseko Mines Ltd. is a Vancouver‐based mining company primarily engaged in the exploration, development and production of copper‐based projects. Its flagship operation is the Gibraltar copper mine in central British Columbia, which ranks among Canada’s largest open pit copper producers. In addition to copper, Gibraltar yields byproducts such as molybdenum and silver, reflecting Taseko’s focus on base and precious metals.

Beyond Gibraltar, Taseko holds two advanced development assets.

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