Raymond James Financial Inc. Invests $1.07 Million in Taseko Mines Limited (NYSE:TGB)

Raymond James Financial Inc. bought a new stake in shares of Taseko Mines Limited (NYSE:TGB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 551,645 shares of the company's stock, valued at approximately $1,070,000. Raymond James Financial Inc. owned about 0.18% of Taseko Mines at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quantinno Capital Management LP bought a new position in Taseko Mines during the third quarter valued at $38,000. Abacus Wealth Partners LLC bought a new position in Taseko Mines in the 4th quarter worth approximately $29,000. Dakota Wealth Management grew its stake in Taseko Mines by 5.0% in the 4th quarter. Dakota Wealth Management now owns 480,777 shares of the company's stock valued at $933,000 after buying an additional 22,838 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Taseko Mines by 66.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 67,758 shares of the company's stock valued at $172,000 after acquiring an additional 27,043 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Taseko Mines by 272.5% during the third quarter. BNP Paribas Financial Markets now owns 53,142 shares of the company's stock worth $134,000 after acquiring an additional 38,876 shares in the last quarter. 17.94% of the stock is currently owned by institutional investors.

Taseko Mines Price Performance

NYSE:TGB traded down $0.06 during trading hours on Tuesday, hitting $1.70. 23,969,691 shares of the company's stock traded hands, compared to its average volume of 4,893,018. Taseko Mines Limited has a 52 week low of $1.67 and a 52 week high of $3.15. The business's fifty day simple moving average is $2.14 and its two-hundred day simple moving average is $2.16. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48. The firm has a market cap of $528.06 million, a P/E ratio of -56.67 and a beta of 1.48.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TGB. StockNews.com cut Taseko Mines from a "hold" rating to a "sell" rating in a research report on Friday, February 21st. National Bank Financial raised shares of Taseko Mines from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, December 10th.

Taseko Mines Company Profile

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company's principal asset comprises 100% interest owned the Gibraltar mine located in British Columbia. It also holds interest in the Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.