Taseko Mines Limited (NYSE:TGB - Get Free Report) shares saw strong trading volume on Monday . 10,425,115 shares traded hands during 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 lowered shares of Taseko Mines from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th.
Check Out Our Latest Stock Report on Taseko Mines
Taseko Mines Stock Up 1.8%
The stock has a market capitalization of $983.95 million, a P/E ratio of -103.83 and a beta of 1.34. The firm's fifty day moving average is $2.12 and its 200-day moving average is $2.10. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48.
Hedge Funds Weigh In On Taseko Mines
A number of institutional investors have recently modified their holdings of TGB. L1 Capital Pty Ltd bought a new position in shares of Taseko Mines in the first quarter worth about $28,243,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Taseko Mines by 52.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,301,466 shares of the company's stock worth $18,095,000 after acquiring an additional 3,217,385 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Taseko Mines by 15.6% in the fourth quarter. Renaissance Technologies LLC now owns 6,676,370 shares of the company's stock worth $12,952,000 after acquiring an additional 900,400 shares during the last quarter. TD Asset Management Inc raised 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 worth $8,957,000 after buying an additional 728,241 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Taseko Mines by 198.9% during the first quarter. Goldman Sachs Group Inc. now owns 988,072 shares of the company's stock worth $2,213,000 after buying an additional 657,477 shares during the last quarter. 17.94% of the stock is owned by institutional investors.
Taseko Mines Company Profile
(
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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