Taseko Mines (NYSEAMERICAN:TGB) Stock Price Crosses Above 200-Day Moving Average of $0.00

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Shares of Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.44. Taseko Mines shares last traded at $0.43, with a volume of 697 shares.

A number of equities analysts recently issued reports on TGB shares. BMO Capital Markets started coverage on shares of Taseko Mines in a research note on Friday, July 5th. They issued an “outperform” rating for the company. Zacks Investment Research downgraded shares of Taseko Mines from a “hold” rating to a “sell” rating in a research note on Friday, October 4th. Scotiabank downgraded shares of Taseko Mines from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, October 15th. Finally, TD Securities downgraded shares of Taseko Mines from a “speculative buy” rating to a “hold” rating in a research note on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold”.

Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) last released its quarterly earnings results on Wednesday, August 7th. The mining company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.03). The company had revenue of $64.68 million for the quarter.

A number of institutional investors and hedge funds have recently made changes to their positions in TGB. Renaissance Technologies LLC grew its holdings in Taseko Mines by 10.3% in the second quarter. Renaissance Technologies LLC now owns 8,082,234 shares of the mining company’s stock worth $4,284,000 after purchasing an additional 751,444 shares during the period. PenderFund Capital Management Ltd. purchased a new stake in Taseko Mines in the second quarter worth about $14,177,000. Morgan Stanley grew its holdings in Taseko Mines by 95.0% in the second quarter. Morgan Stanley now owns 346,703 shares of the mining company’s stock worth $184,000 after purchasing an additional 168,889 shares during the period. Finally, United Capital Financial Advisers LLC purchased a new stake in Taseko Mines in the second quarter worth about $54,000.

About Taseko Mines (NYSEAMERICAN:TGB)

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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