Taseko Mines (NYSE:TGB - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Tuesday.
Taseko Mines Stock Performance
NYSE:TGB opened at $2.10 on Tuesday. The stock's fifty day moving average is $2.15 and its 200 day moving average is $2.10. Taseko Mines has a fifty-two week low of $1.67 and a fifty-two week high of $3.15. The firm has a market capitalization of $663.34 million, a PE ratio of -70.00 and a beta of 1.41. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.05 and a current ratio of 1.71.
Institutional Trading of Taseko Mines
Several hedge funds and other institutional investors have recently bought and sold shares of TGB. Abacus Wealth Partners LLC purchased a new stake in Taseko Mines during the 4th quarter valued at $29,000. BIP Wealth LLC purchased a new stake in Taseko Mines during the 4th quarter valued at $30,000. Cadence Bank purchased a new stake in Taseko Mines in the fourth quarter worth $32,000. Lido Advisors LLC purchased a new stake in Taseko Mines in the fourth quarter worth $37,000. Finally, Deutsche Bank AG increased its stake in Taseko Mines by 88.2% in the fourth quarter. Deutsche Bank AG now owns 19,857 shares of the company's stock worth $39,000 after purchasing an additional 9,308 shares during the period. Hedge funds and other institutional investors 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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Taseko Mines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Taseko Mines wasn't on the list.
While Taseko Mines currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
