Taseko Mines (NYSE:TGB) Reaches New 1-Year High - Here's What Happened

Taseko Mines Limited (NYSE:TGB - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $3.16 and last traded at $3.14, with a volume of 11236572 shares. The stock had previously closed at $2.92.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Taseko Mines from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th.

Taseko Mines Trading Up 7.9%

The company has a market cap of $995.10 million, a price-to-earnings ratio of -105.00 and a beta of 1.34. The company's 50 day moving average price is $2.38 and its 200 day moving average price is $2.18. 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 have recently added to or reduced their stakes in the business. BIP Wealth LLC bought a new position in Taseko Mines in the 4th quarter worth approximately $30,000. Cadence Bank acquired a new stake in shares of Taseko Mines in the fourth quarter worth $32,000. Lido Advisors LLC bought a new position in Taseko Mines during the fourth quarter worth $37,000. Deutsche Bank AG raised its stake in Taseko Mines by 88.2% during the 4th quarter. Deutsche Bank AG now owns 19,857 shares of the company's stock valued at $39,000 after purchasing an additional 9,308 shares during the last quarter. Finally, Oxford Asset Management LLP bought a new stake in Taseko Mines in the 4th quarter valued at $45,000. Institutional investors own 17.94% of the company's stock.

About Taseko Mines

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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