Taseko Mines Limited (NYSE:TGB - Get Free Report)'s stock price gapped up prior to trading 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 trading hands.
Analysts Set New Price Targets
Separately, Wall Street Zen downgraded shares of Taseko Mines from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th.
Check Out Our Latest Report on TGB
Taseko Mines Price 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 company's 50 day moving average is $2.65 and its 200 day moving average is $2.29. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -119.67 and a beta of 1.42.
Institutional Investors Weigh In On Taseko Mines
Large investors have recently bought and sold shares of the company. BIP Wealth LLC acquired a new stake in Taseko Mines during the fourth quarter worth about $30,000. Cadence Bank acquired a new stake in Taseko Mines during the fourth quarter worth about $32,000. Lido Advisors LLC acquired a new stake in Taseko Mines during the fourth quarter worth about $37,000. Deutsche Bank AG lifted its holdings in shares of Taseko Mines by 88.2% in the fourth quarter. Deutsche Bank AG now owns 19,857 shares of the company's stock worth $39,000 after acquiring an additional 9,308 shares during the last quarter. Finally, Oxford Asset Management LLP bought a new position in shares of Taseko Mines in the fourth quarter worth about $45,000. 17.94% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Articles
Before you consider Taseko Mines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Taseko Mines wasn't on the list.
While Taseko Mines currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
