Taseko Mines Limited (NYSE:TGB - Get Free Report) shares saw strong trading volume on Tuesday . 6,304,037 shares changed hands during trading, an increase of 37% from the previous session's volume of 4,587,473 shares.The stock last traded at $2.26 and had previously closed at $2.24.
Analysts Set New Price Targets
Several equities research analysts have commented on TGB shares. National Bank Financial upgraded shares of Taseko Mines from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, December 10th. StockNews.com lowered Taseko Mines from a "hold" rating to a "sell" rating in a research report on Friday, February 21st.
Read Our Latest Stock Report on TGB
Taseko Mines Trading Down 11.2 %
The business's 50 day moving average price is $2.15 and its two-hundred day moving average price is $2.17. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.05 and a current ratio of 1.71. The company has a market capitalization of $568.44 million, a price-to-earnings ratio of -61.00 and a beta of 1.48.
Hedge Funds Weigh In On Taseko Mines
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in Taseko Mines by 272.5% during the third quarter. BNP Paribas Financial Markets now owns 53,142 shares of the company's stock valued at $134,000 after buying an additional 38,876 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Taseko Mines by 66.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 67,758 shares of the company's stock worth $172,000 after purchasing an additional 27,043 shares in the last quarter. Centiva Capital LP lifted its stake in Taseko Mines by 125.9% during the third quarter. Centiva Capital LP now owns 196,072 shares of the company's stock valued at $494,000 after purchasing an additional 109,284 shares during the last quarter. Quantinno Capital Management LP acquired a new position in Taseko Mines in the third quarter worth approximately $38,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Taseko Mines in the third quarter valued at $223,000. 17.94% of the stock is owned by institutional investors.
Taseko Mines Company Profile
(
Get 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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