Taseko Mines Limited (NYSE:TGB - Get Free Report)'s stock price fell 4.4% during trading on Wednesday . The company traded as low as $3.35 and last traded at $3.36. 1,128,490 shares traded hands during trading, a decline of 90% from the average session volume of 11,058,723 shares. The stock had previously closed at $3.51.
Analyst Ratings Changes
A number of research firms recently commented on TGB. Wall Street Zen lowered shares of Taseko Mines from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. TD Securities lowered shares of Taseko Mines from a "strong-buy" rating to a "hold" rating and raised their price target for the stock from $3.50 to $5.00 in a research report on Wednesday.
Check Out Our Latest Stock Analysis on Taseko Mines
Taseko Mines Trading Down 0.2%
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 firm has a market capitalization of $1.02 billion, a P/E ratio of -107.50 and a beta of 1.42. The business's 50-day moving average is $2.77 and its 200 day moving average is $2.33.
Hedge Funds Weigh In On Taseko Mines
Several hedge funds have recently bought and sold shares of TGB. BIP Wealth LLC bought a new position in Taseko Mines in the 4th quarter valued at about $30,000. Cadence Bank bought a new position in Taseko Mines in the 4th quarter valued at about $32,000. Lido Advisors LLC bought a new position in Taseko Mines in the 4th quarter valued at about $37,000. Deutsche Bank AG increased its holdings in Taseko Mines by 88.2% in the 4th quarter. Deutsche Bank AG now owns 19,857 shares of the company's stock valued at $39,000 after buying an additional 9,308 shares during the period. Finally, Oxford Asset Management LLP bought a new position in Taseko Mines in the 4th quarter valued at about $45,000. 17.94% of the stock is owned by institutional investors.
About Taseko Mines
(
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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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