Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totalling 80,100 shares, a growth of 109.7% from the February 27th total of 38,200 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 580,300 shares, the days-to-cover ratio is currently 0.1 days.
A number of analysts have recently issued reports on TGB shares. National Bank Financial lowered shares of Taseko Mines from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, November 27th. Zacks Investment Research lowered shares of Taseko Mines from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Taseko Mines has a consensus rating of “Hold” and an average target price of $0.70.
Institutional investors and hedge funds have recently modified their holdings of the company. Islay Capital Management LLC purchased a new stake in Taseko Mines in the fourth quarter worth about $34,000. K2 Principal Fund L.P. purchased a new stake in Taseko Mines in the third quarter worth about $926,000. CIBC World Markets Inc. lifted its stake in Taseko Mines by 27.6% in the fourth quarter. CIBC World Markets Inc. now owns 437,116 shares of the mining company’s stock worth $210,000 after acquiring an additional 94,511 shares during the period. Bank of Montreal Can lifted its stake in Taseko Mines by 38.1% in the fourth quarter. Bank of Montreal Can now owns 271,903 shares of the mining company’s stock worth $131,000 after acquiring an additional 75,000 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Taseko Mines by 8.1% in the fourth quarter. Renaissance Technologies LLC now owns 8,979,157 shares of the mining company’s stock worth $4,310,000 after acquiring an additional 669,604 shares during the period.
Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) last issued its earnings results on Thursday, February 20th. The mining company reported ($0.05) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.05). The company had revenue of $67.61 million for the quarter.
Taseko Mines Company Profile
Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties in Canada and the United States. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds a 75% interest in the Gibraltar copper-molybdenum mine located in south-central British Columbia.
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