Taseko Mines (NYSE:TGB) Stock Price Down 5.2% - Should You Sell?

Taseko Mines Limited (NYSE:TGB - Get Free Report) traded down 5.2% during trading on Friday . The company traded as low as $2.87 and last traded at $2.85. 2,064,689 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 6,832,645 shares. The stock had previously closed at $3.00.

Wall Street Analysts Forecast Growth

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.

Taseko Mines Stock Down 4.5%

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 business has a 50 day simple moving average of $2.32 and a 200-day simple moving average of $2.16. The firm has a market capitalization of $904.98 million, a price-to-earnings ratio of -95.47 and a beta of 1.34.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. BIP Wealth LLC acquired a new stake in shares of Taseko Mines during the fourth quarter valued at about $30,000. Cadence Bank acquired a new stake in Taseko Mines in the 4th quarter valued at approximately $32,000. Lido Advisors LLC acquired a new stake in Taseko Mines in the 4th quarter valued at approximately $37,000. Deutsche Bank AG raised its position in Taseko Mines by 88.2% in the fourth quarter. Deutsche Bank AG now owns 19,857 shares of the company's stock valued at $39,000 after purchasing an additional 9,308 shares during the period. Finally, Oxford Asset Management LLP acquired a new position in Taseko Mines during the fourth quarter worth $45,000. Institutional investors and hedge funds own 17.94% of the company's stock.

Taseko Mines Company Profile

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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