Taseko Mines (NYSE:TGB) Shares Up 3.1%

Taseko Mines Limited (NYSE:TGB - Get Free Report) shares shot up 3.1% on Friday . The stock traded as high as $2.38 and last traded at $2.33. 911,408 shares traded hands during trading, a decline of 65% from the average session volume of 2,604,212 shares. The stock had previously closed at $2.26.

Analyst Ratings Changes

TGB has been the subject of a number of analyst reports. Stifel Nicolaus began coverage on shares of Taseko Mines in a research report on Tuesday, March 26th. They issued a "buy" rating for the company. TD Securities raised their price target 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, TheStreet raised shares of Taseko Mines from a "d" rating to a "c" rating in a report on Thursday, March 14th.

Taseko Mines Stock Performance

The company's 50-day moving average is $2.57 and its two-hundred day moving average is $1.90. The company has a market capitalization of $677.73 million, a P/E ratio of 9.69 and a beta of 1.79. 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 results on Wednesday, May 1st. The company reported $0.02 EPS for the quarter, hitting analysts' consensus estimates of $0.02. The business had revenue of $109.00 million during the quarter, compared to analysts' expectations of $91.89 million. Taseko Mines had a net margin of 17.37% and a return on equity of 11.44%. Equities analysts anticipate that Taseko Mines Limited will post 0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Acuitas Investments LLC boosted its holdings in shares of Taseko Mines by 36.0% in the 4th quarter. Acuitas Investments LLC now owns 2,141,258 shares of the company's stock worth $2,998,000 after purchasing an additional 566,414 shares in the last quarter. Cahaba Wealth Management Inc. boosted its stake in Taseko Mines by 38.2% in the fourth quarter. Cahaba Wealth Management Inc. now owns 36,134 shares of the company's stock worth $51,000 after buying an additional 9,980 shares in the last quarter. Anthracite Investment Company Inc. purchased a new stake in Taseko Mines in the fourth quarter worth approximately $2,077,000. Aigen Investment Management LP bought a new position in Taseko Mines during the third quarter valued at approximately $28,000. Finally, Mirae Asset Global Investments Co. Ltd. raised 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 worth $10,668,000 after acquiring an additional 1,394,848 shares in the last quarter. Institutional investors 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.