Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 529,379 shares, a growth of 20.1% from the November 30th total of 440,964 shares. Based on an average daily volume of 646,932 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the shares of the stock are sold short.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Taseko Mines from a “hold” rating to a “buy” rating and set a $2.00 price objective on the stock in a research note on Wednesday, August 30th. BidaskClub cut shares of Taseko Mines from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 28th. Finally, TheStreet upgraded shares of Taseko Mines from a “d+” rating to a “c-” rating in a report on Wednesday, October 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $2.50.
Institutional investors and hedge funds have recently made changes to their positions in the business. Stifel Financial Corp acquired a new position in shares of Taseko Mines in the third quarter worth about $168,000. Wells Fargo & Company MN boosted its holdings in shares of Taseko Mines by 342.5% in the third quarter. Wells Fargo & Company MN now owns 103,550 shares of the mining company’s stock worth $191,000 after buying an additional 80,150 shares during the period. QS Investors LLC acquired a new position in shares of Taseko Mines in the second quarter worth about $142,000. Cavalier Investments LLC acquired a new position in shares of Taseko Mines in the third quarter worth about $260,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Taseko Mines by 57.1% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 212,900 shares of the mining company’s stock worth $394,000 after buying an additional 77,370 shares during the period.
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About Taseko Mines
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.
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