Taseko Mines Limited (NYSE:TGB - Get Free Report)'s share price traded down 3.5% during mid-day trading on Wednesday . The company traded as low as $2.21 and last traded at $2.21. 7,923,554 shares were traded during trading, an increase of 70% from the average session volume of 4,647,895 shares. The stock had previously closed at $2.29.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. StockNews.com cut shares of Taseko Mines from a "hold" rating to a "sell" rating in a research report on Friday, February 21st. National Bank Financial raised Taseko Mines from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, December 10th.
View Our Latest Stock Analysis on TGB
Taseko Mines Price Performance
The stock has a market cap of $546.70 million, a PE ratio of -58.67 and a beta of 1.48. The stock's fifty day moving average is $2.15 and its 200-day moving average is $2.17. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05.
Institutional Trading of Taseko Mines
A number of hedge funds and other institutional investors have recently made changes to their positions in TGB. BNP Paribas Financial Markets grew its position in Taseko Mines by 272.5% in 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Taseko Mines by 66.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 67,758 shares of the company's stock valued at $172,000 after buying an additional 27,043 shares during the last quarter. Centiva Capital LP boosted 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 worth $494,000 after buying an additional 109,284 shares during the period. Quantinno Capital Management LP acquired a new stake in shares of Taseko Mines during the third quarter valued at about $38,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Taseko Mines in the 3rd quarter valued at approximately $223,000. 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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