StockNews.com lowered shares of Taseko Mines (NYSE:TGB – Free Report) from a hold rating to a sell rating in a research report report published on Tuesday.
Taseko Mines Stock Performance
NYSE:TGB opened at $2.07 on Tuesday. 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 50-day simple moving average of $2.15 and a two-hundred day simple moving average of $2.10. The firm has a market capitalization of $653.86 million, a PE ratio of -69.00 and a beta of 1.41. Taseko Mines has a 52-week low of $1.67 and a 52-week high of $3.15.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in Taseko Mines during the fourth quarter valued at approximately $1,070,000. Envestnet Asset Management Inc. bought a new stake in shares of Taseko Mines during the 4th quarter valued at $62,000. American Century Companies Inc. lifted its stake in shares of Taseko Mines by 16.8% during the 4th quarter. American Century Companies Inc. now owns 822,551 shares of the company’s stock valued at $1,602,000 after buying an additional 118,597 shares in the last quarter. LPL Financial LLC purchased a new position in shares of Taseko Mines during the 4th quarter valued at $70,000. Finally, Virtu Financial LLC bought a new position in Taseko Mines in the 4th quarter worth $96,000. 17.94% of the stock is currently owned by institutional investors.
About Taseko Mines
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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