Russell Investments Group Ltd. raised its holdings in Taseko Mines Limited (NYSE:TGB - Free Report) by 52.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,280,126 shares of the company's stock after acquiring an additional 440,854 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.42% of Taseko Mines worth $2,483,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in TGB. Abacus Wealth Partners LLC bought a new stake in Taseko Mines during the 4th quarter valued at $29,000. Envestnet Asset Management Inc. bought a new position in shares of Taseko Mines during the 4th quarter worth approximately $62,000. LPL Financial LLC purchased a new stake in Taseko Mines during the fourth quarter valued at approximately $70,000. Prairiewood Capital LLC acquired a new stake in Taseko Mines in the fourth quarter valued at approximately $76,000. Finally, Virtu Financial LLC purchased a new position in Taseko Mines in the fourth quarter worth $96,000. 17.94% of the stock is currently owned by institutional investors.
Taseko Mines Stock Performance
NYSE:TGB traded up $0.07 during midday trading on Wednesday, hitting $2.19. The company's stock had a trading volume of 4,091,854 shares, compared to its average volume of 10,294,132. Taseko Mines Limited has a fifty-two week low of $1.67 and a fifty-two week high of $3.15. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05. The firm has a market cap of $680.27 million, a P/E ratio of -73.00 and a beta of 1.48. The firm's 50 day moving average is $2.14 and its 200-day moving average is $2.13.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Taseko Mines from a "sell" rating to a "hold" rating in a research note on Friday, April 11th.
Check Out Our Latest Research Report on Taseko Mines
Taseko Mines Profile
(
Free Report)
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.
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