Taseko Mines Limited (NYSE:TGB - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $3.43, but opened at $3.58. Taseko Mines shares last traded at $3.38, with a volume of 1,714,108 shares changing hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded shares of Taseko Mines from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th.
Check Out Our Latest Report on Taseko Mines
Taseko Mines Stock Down 0.3%
The company has a 50-day moving average of $2.59 and a two-hundred day moving average of $2.27. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05. The company has a market capitalization of $1.08 billion, a PE ratio of -114.00 and a beta of 1.42.
Institutional Trading of Taseko Mines
Several institutional investors have recently made changes to their positions in the business. L1 Capital Pty Ltd bought a new position in Taseko Mines during the first quarter valued at approximately $28,243,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings 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 worth $18,095,000 after acquiring an additional 3,217,385 shares during the last quarter. Renaissance Technologies LLC grew 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 last quarter. TD Asset Management Inc boosted 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 purchasing an additional 728,241 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Taseko Mines by 198.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 988,072 shares of the company's stock worth $2,213,000 after acquiring an additional 657,477 shares in the last quarter. Hedge funds and other institutional investors own 17.94% of the company's stock.
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.
Further Reading
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