Taseko Mines Ltd (NYSE:TGB) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 358,632 shares, an increase of 31.7% from the August 31st total of 272,297 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 130,648 shares, the short-interest ratio is presently 2.7 days.
Shares of Taseko Mines (NYSE:TGB) traded up 0.2319% during midday trading on Monday, reaching $0.4755. The company’s stock had a trading volume of 58,760 shares. Taseko Mines has a 12 month low of $0.23 and a 12 month high of $0.70. The stock has a 50-day moving average of $0.48 and a 200 day moving average of $0.53. The company’s market cap is $105.48 million.
Taseko Mines (NYSE:TGB) last issued its quarterly earnings results on Tuesday, July 26th. The mining company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.02. The firm earned $55.01 million during the quarter, compared to analyst estimates of $62 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. The firm’s revenue for the quarter was down 40.6% compared to the same quarter last year. On average, analysts predict that Taseko Mines will post ($0.21) earnings per share for the current fiscal year.
TGB has been the topic of a number of research analyst reports. Zacks Investment Research raised Taseko Mines from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Scotiabank reissued a “sector perform” rating and issued a $0.80 price target on shares of Taseko Mines in a research note on Thursday, July 28th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $0.78.
A hedge fund recently raised its stake in Taseko Mines stock. Renaissance Technologies LLC boosted its stake in shares of Taseko Mines Ltd (NYSE:TGB) by 21.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,067,900 shares of the mining company’s stock after buying an additional 358,700 shares during the period. Renaissance Technologies LLC owned approximately 0.93% of Taseko Mines worth $1,166,000 at the end of the most recent reporting period.
About Taseko Mines
Taseko Mines Limited is a mining company. The Company is engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada and the State of Arizona, the United States. Its operating asset is the Gibraltar Mine, a copper mine located in central British Columbia.
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