Shares of Taseko Mines Limited (NYSE:TGB - Get Free Report) reached a new 52-week high on Saturday . The stock traded as high as $3.09 and last traded at $3.06, with a volume of 47320185 shares traded. The stock had previously closed at $2.60.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut Taseko Mines from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th.
Get Our Latest Analysis on Taseko Mines
Taseko Mines Stock Up 17.7%
The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48. The stock has a market cap of $966.58 million, a P/E ratio of -102.00 and a beta of 1.34. The firm has a 50-day simple moving average of $2.12 and a two-hundred day simple moving average of $2.10.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of TGB. Signaturefd LLC boosted its stake in Taseko Mines by 12.0% in the first quarter. Signaturefd LLC now owns 47,992 shares of the company's stock valued at $108,000 after buying an additional 5,154 shares in the last quarter. Geode Capital Management LLC boosted its stake in Taseko Mines by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 145,023 shares of the company's stock valued at $282,000 after buying an additional 5,928 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Taseko Mines by 8.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 94,776 shares of the company's stock valued at $185,000 after buying an additional 6,987 shares in the last quarter. Barclays PLC boosted its stake in Taseko Mines by 10.8% in the fourth quarter. Barclays PLC now owns 87,899 shares of the company's stock valued at $171,000 after buying an additional 8,576 shares in the last quarter. Finally, Mariner LLC boosted its stake in Taseko Mines by 31.0% in the fourth quarter. Mariner LLC now owns 36,736 shares of the company's stock valued at $71,000 after buying an additional 8,693 shares in the last quarter. 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.
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