Short Interest in Taseko Mines Ltd (TGB) Decreases By 32.8%

Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 144,509 shares, a decline of 32.8% from the January 12th total of 215,151 shares. Based on an average trading volume of 781,306 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Shares of Taseko Mines (TGB) traded down $0.02 on Friday, reaching $1.58. 1,316,924 shares of the company traded hands, compared to its average volume of 1,011,037. The stock has a market cap of $382.39, a price-to-earnings ratio of 9.41 and a beta of 2.40. Taseko Mines has a 12-month low of $1.00 and a 12-month high of $2.46.

A number of institutional investors and hedge funds have recently modified their holdings of TGB. Picton Mahoney Asset Management purchased a new stake in Taseko Mines during the fourth quarter worth about $132,000. QS Investors LLC purchased a new stake in Taseko Mines during the second quarter worth about $142,000. Bank of Montreal Can increased its stake in Taseko Mines by 93.9% during the fourth quarter. Bank of Montreal Can now owns 67,543 shares of the mining company’s stock worth $158,000 after purchasing an additional 32,713 shares during the period. CIBC World Markets Inc. increased its stake in Taseko Mines by 355.9% during the fourth quarter. CIBC World Markets Inc. now owns 68,185 shares of the mining company’s stock worth $159,000 after purchasing an additional 53,230 shares during the period. Finally, Stifel Financial Corp purchased a new stake in Taseko Mines during the third quarter worth about $168,000.

Several analysts recently issued reports on TGB shares. Cantor Fitzgerald started coverage on shares of Taseko Mines in a report on Friday, January 26th. They issued a “buy” rating on the stock. Zacks Investment Research lowered shares of Taseko Mines from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, BidaskClub lowered shares of Taseko Mines from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $2.50.

COPYRIGHT VIOLATION WARNING: “Short Interest in Taseko Mines Ltd (TGB) Decreases By 32.8%” was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://sportsperspectives.com/2018/02/09/short-interest-in-taseko-mines-ltd-tgb-decreases-by-32-8.html.

Taseko Mines Company Profile

Taseko Mines Limited is a mining company. The Company is principally 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 projects represent a range of metals, including gold, copper and niobium.

Receive News & Ratings for Taseko Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taseko Mines and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply