Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) saw a significant decline in short interest in December. As of December 31st, there was short interest totalling 139,409 shares, a decline of 31.1% from the December 14th total of 202,262 shares. Based on an average trading volume of 652,876 shares, the short-interest ratio is currently 0.2 days.
Shares of TGB stock opened at $0.62 on Friday. Taseko Mines has a 52-week low of $0.44 and a 52-week high of $2.07.
Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) last released its earnings results on Wednesday, October 31st. The mining company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The business had revenue of $56.85 million for the quarter.
TGB has been the subject of a number of recent analyst reports. National Bank Financial reaffirmed a “buy” rating on shares of Taseko Mines in a research report on Wednesday, December 5th. Zacks Investment Research raised shares of Taseko Mines from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Taseko Mines has a consensus rating of “Buy” and a consensus target price of $0.75.
COPYRIGHT VIOLATION NOTICE: This news story was published by Ticker Report and is the property of of Ticker Report. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://www.tickerreport.com/banking-finance/4071651/short-interest-in-taseko-mines-ltd-tgb-declines-by-31-1.html.
Taseko Mines Company Profile
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.
Recommended Story: How to use beta for portfolio diversification
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.