Zacks cut shares of Taseko Mines Limited (NYSE:TGB) from a neutral rating to an underperform rating in a research report sent to investors on Monday morning, Stock Ratings Network.com reports. The firm currently has $2.00 price target on the stock.
Zacks has also updated their ratings on a number of other basic materials stocks in the last week. The firm upgraded shares of Yrc Worldwide from an underperform rating to a neutral rating. The firm now has a $13.50 price target on that stock. Also, Zacks upgraded shares of Dot Hill Systems from a neutral rating to an outperform rating. Zacks now has a $4.60 price target on that stock. Finally, Zacks upgraded shares of Euroseas Ltd. from an underperform rating to a neutral rating. Zacks now has a $1.30 price target on that stock.
Separately, analysts at Scotiabank downgraded shares of Taseko Mines Limited from an outperform rating to a sector perform rating in a research note to investors on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Taseko Mines Limited has an average rating of Hold and an average target price of $3.81.
Taseko Mines Limited (NYSE:TGB) traded down 1.44% on Monday, hitting $2.06. 391,500 shares of the company’s stock traded hands. Taseko Mines Limited has a one year low of $1.78 and a one year high of $3.53. The stock has a 50-day moving average of $1.99 and a 200-day moving average of $2.07. The company’s market cap is $396.7 million.
Taseko Mines Limited (NYSE:TGB) is a Canada-based company.
To view Zacks’ full report, visit www.zacks.com
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