Taseko Mines Limited (NYSE:TGB - Get Free Report) shot up 3.9% during mid-day trading on Tuesday . The company traded as high as $2.51 and last traded at $2.52. 7,678,329 shares changed hands during trading, an increase of 74% from the average session volume of 4,414,185 shares. The stock had previously closed at $2.42.
Wall Street Analyst Weigh In
A number of research analysts recently commented on TGB shares. StockNews.com cut Taseko Mines from a "hold" rating to a "sell" rating in a report on Friday, February 21st. National Bank Financial upgraded Taseko Mines from a "sector perform" rating to an "outperform" rating in a research report on Tuesday, December 10th.
Get Our Latest Analysis on Taseko Mines
Taseko Mines Price Performance
The company has a market cap of $701.75 million, a price-to-earnings ratio of -75.33 and a beta of 1.61. The stock's 50-day simple moving average is $2.14 and its 200 day simple moving average is $2.17. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48.
Hedge Funds Weigh In On Taseko Mines
Several hedge funds have recently bought and sold shares of TGB. Tidal Investments LLC increased its stake in Taseko Mines by 82.3% during the third quarter. Tidal Investments LLC now owns 13,693,081 shares of the company's stock worth $34,507,000 after purchasing an additional 6,182,981 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Taseko Mines by 2.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,725,601 shares of the company's stock valued at $20,880,000 after purchasing an additional 297,403 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Taseko Mines by 52.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,301,466 shares of the company's stock worth $18,095,000 after buying an additional 3,217,385 shares during the period. Renaissance Technologies LLC lifted its holdings in Taseko Mines by 15.6% during the 4th quarter. Renaissance Technologies LLC now owns 6,676,370 shares of the company's stock worth $12,952,000 after buying an additional 900,400 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in Taseko Mines by 296.8% in the 3rd quarter. Bank of Montreal Can now owns 3,160,574 shares of the company's stock valued at $8,225,000 after buying an additional 2,364,116 shares during the period. Institutional investors and hedge funds own 17.94% of the company's stock.
About Taseko Mines
(
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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