Taseko Mines Ltd (NYSE:TGB) (TSE:TKO) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 494,711 shares, a growth of 15.4% from the October 31st total of 428,522 shares. Based on an average trading volume of 647,776 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the company’s shares are short sold.
Several analysts have commented on the stock. Scotiabank reaffirmed a “sector perform” rating and issued a $0.80 target price on shares of Taseko Mines in a research note on Thursday, July 28th. Zacks Investment Research raised shares of Taseko Mines from a “hold” rating to a “buy” rating and set a $0.50 target price for the company in a research note on Saturday, September 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $0.73.
Shares of Taseko Mines (NYSE:TGB) traded up 10.00% during trading on Friday, hitting $0.66. 1,095,612 shares of the company’s stock were exchanged. Taseko Mines has a 1-year low of $0.23 and a 1-year high of $0.70. The firm’s market capitalization is $146.41 million. The stock’s 50 day moving average is $0.48 and its 200 day moving average is $0.50.
Taseko Mines (NYSE:TGB) last released its earnings results on Thursday, October 27th. The mining company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by $0.01. The company had revenue of $55.90 million for the quarter, compared to analyst estimates of $45.78 million. During the same period in the previous year, the company posted ($0.01) earnings per share. Taseko Mines’s revenue was down 30.1% on a year-over-year basis. On average, equities research analysts forecast that Taseko Mines will post ($0.19) earnings per share for the current year.
Taseko Mines Company Profile