Raymond James Financial Inc. Purchases Shares of 551,645 Taseko Mines Limited (NYSE:TGB)

Raymond James Financial Inc. acquired a new stake in Taseko Mines Limited (NYSE:TGB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 551,645 shares of the company's stock, valued at approximately $1,070,000. Raymond James Financial Inc. owned 0.18% of Taseko Mines as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TGB. Abacus Wealth Partners LLC purchased a new position in shares of Taseko Mines during the fourth quarter valued at $29,000. Envestnet Asset Management Inc. bought a new position in shares of Taseko Mines in the 4th quarter valued at approximately $62,000. LPL Financial LLC acquired a new stake in shares of Taseko Mines in the fourth quarter worth $70,000. Prairiewood Capital LLC bought a new stake in Taseko Mines during the fourth quarter valued at about $76,000. Finally, Virtu Financial LLC acquired a new stake in Taseko Mines in the 4th quarter valued at approximately $96,000. Institutional investors own 17.94% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Taseko Mines from a "sell" rating to a "hold" rating in a research note on Monday, May 5th.

Taseko Mines Trading Up 2.0 %

Shares of TGB stock traded up $0.04 on Friday, reaching $2.02. 9,013,738 shares of the stock were exchanged, compared to its average volume of 6,015,570. The stock has a market cap of $638.07 million, a PE ratio of -67.33 and a beta of 1.41. Taseko Mines Limited has a one year low of $1.67 and a one year 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 stock has a 50 day moving average price of $2.15 and a 200 day moving average price of $2.10.

Taseko Mines 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.