Taseko Mines Ltd (NYSE:TGB) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 403,335 shares, an increase of 52.7% from the December 31st total of 264,091 shares, AnalystRatingsNetwork.com reports. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 1,388,722 shares, the short-interest ratio is presently 0.3 days.

Several research analysts recently issued reports on TGB shares. LB Securities reaffirmed a “hold” rating and set a $0.80 target price (down from $0.90) on shares of Taseko Mines in a research report on Saturday, October 24th. Zacks Investment Research lowered Taseko Mines from a “buy” rating to a “hold” rating in a research report on Friday, October 16th. RBC Capital reissued a “sector perform” rating and issued a $1.00 price objective on shares of Taseko Mines in a research report on Thursday, December 10th. Finally, Raymond James reissued a “market perform” rating and issued a $0.70 price objective (down from $1.20) on shares of Taseko Mines in a research report on Sunday, December 6th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Taseko Mines presently has a consensus rating of “Hold” and an average target price of $0.99.

Taseko Mines (NYSE:TGB) opened at 0.3799 on Friday. The company’s market capitalization is $84.26 million. The stock has a 50 day moving average price of $0.32 and a 200 day moving average price of $0.43. Taseko Mines has a 52-week low of $0.23 and a 52-week high of $0.95.

Taseko Mines (NYSE:TGB) last announced its earnings results on Wednesday, November 11th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The company earned $89.50 million during the quarter, compared to analysts’ expectations of $87.30 million. During the same quarter last year, the firm posted ($0.06) earnings per share. The firm’s revenue was down 4.5% on a year-over-year basis. Equities research analysts forecast that Taseko Mines will post ($0.08) earnings per share for the current year.

Taseko Mines Ltd. is a Canada-based mining company. The Company is engaged in acquiring, developing, and operating large tonnage mineral deposits. Its asset is the 75% owned Gibraltar Mine, a copper/molybdenum mine located in central British Columbia. It owns the Florence copper project and also owns the New Prosperity gold-copper, Aley niobium and Harmony gold projects. The Company owns a 100% interest in the Florence Copper project though the acquisition of Curis Resources Ltd. The Company owns a 100% interest in the Aley Niobium Project. The Prosperity deposit is a gold-copper porphyry with a one billion tons measured and indicated resource containing approximately 5.3 billion pounds of copper and 13.3 million ounces of gold. Harmony is a gold project located on Graham Island off British Columbia’s west coast with deposits of approximately 64 million tons of 1.35 ounces per ton gold. The Harmony site covers approximately 177 square kilometers and consists of 58 mineral claims.

12 Month Chart for NYSE:TGB

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