Taseko Mines Limited (NYSE:TGB - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $2.60, but opened at $2.75. Taseko Mines shares last traded at $2.99, with a volume of 10,627,830 shares traded.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded Taseko Mines from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th.
Read Our Latest Stock Report on TGB
Taseko Mines Stock Performance
The company's 50 day moving average price is $2.11 and its 200-day moving average price is $2.09. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.05 and a current ratio of 1.71. The stock has a market cap of $955.52 million, a P/E ratio of -100.17 and a beta of 1.34.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC increased its stake in shares of Taseko Mines by 353.3% during the third quarter. Barclays PLC now owns 79,323 shares of the company's stock valued at $200,000 after buying an additional 61,823 shares during the period. Y.D. More Investments Ltd acquired a new position in shares of Taseko Mines during the fourth quarter valued at approximately $195,000. Raymond James Financial Inc. acquired a new position in Taseko Mines during the fourth quarter worth about $1,070,000. Callan Family Office LLC purchased a new position in shares of Taseko Mines during the 4th quarter worth $106,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Taseko Mines by 52.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,301,466 shares of the company's stock valued at $18,095,000 after purchasing an additional 3,217,385 shares during the last quarter. 17.94% of the stock is currently 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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