Shares of Taseko Mines Limited (NYSE:TGB - Get Free Report) saw an uptick in trading volume on Monday . 10,425,115 shares traded hands during mid-day trading, an increase of 59% from the previous session's volume of 6,545,154 shares.The stock last traded at $3.08 and had previously closed at $3.06.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded Taseko Mines from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th.
Read Our Latest Research Report on Taseko Mines
Taseko Mines Stock Performance
The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48. The business has a 50 day simple moving average of $2.18 and a two-hundred day simple moving average of $2.12. The firm has a market cap of $922.36 million, a PE ratio of -97.33 and a beta of 1.34.
Hedge Funds Weigh In On Taseko Mines
Several institutional investors have recently made changes to their positions in the company. L1 Capital Pty Ltd purchased a new position in shares of Taseko Mines during the first quarter valued at $28,243,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Taseko Mines by 21.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,319,863 shares of the company's stock valued at $25,333,000 after buying an additional 2,018,397 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Taseko Mines by 2.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,022,109 shares of the company's stock valued at $24,789,000 after buying an additional 296,508 shares during the period. Renaissance Technologies LLC increased its stake in shares of Taseko Mines by 15.6% during the fourth quarter. Renaissance Technologies LLC now owns 6,676,370 shares of the company's stock valued at $12,952,000 after buying an additional 900,400 shares during the period. Finally, TD Asset Management Inc increased its stake in shares of Taseko Mines by 22.2% during the first quarter. TD Asset Management Inc now owns 4,003,547 shares of the company's stock valued at $8,957,000 after buying an additional 728,241 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.
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