Taseko Mines (NYSE:TGB) Stock Price Down 7.4% - What's Next?

Taseko Mines Limited (NYSE:TGB - Get Free Report) fell 7.4% on Friday . The company traded as low as $2.36 and last traded at $2.37. 535,652 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 2,808,192 shares. The stock had previously closed at $2.56.

Taseko Mines Price Performance

The company has a quick ratio of 1.34, a current ratio of 2.09 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $717.48 million, a price-to-earnings ratio of 12.58 and a beta of 1.77. The stock's 50-day moving average price is $2.32 and its 200-day moving average price is $2.39.

Institutional Investors Weigh In On Taseko Mines

Several institutional investors have recently modified their holdings of the business. Dakota Wealth Management grew its stake in shares of Taseko Mines by 1.5% during the third quarter. Dakota Wealth Management now owns 457,939 shares of the company's stock worth $1,154,000 after purchasing an additional 6,973 shares during the period. Dynamic Advisor Solutions LLC grew its position in shares of Taseko Mines by 7.3% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 103,682 shares of the company's stock worth $261,000 after buying an additional 7,070 shares during the period. Signaturefd LLC increased its stake in shares of Taseko Mines by 21.9% in the 3rd quarter. Signaturefd LLC now owns 46,808 shares of the company's stock valued at $118,000 after acquiring an additional 8,397 shares during the last quarter. Keystone Wealth Services LLC acquired a new stake in shares of Taseko Mines in the 2nd quarter valued at approximately $37,000. Finally, SG Americas Securities LLC bought a new position in Taseko Mines during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 17.94% of the company's stock.

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.