Taseko Mines Limited (NYSE:TGB – Get Free Report)’s share price rose 12.2% on Thursday . The stock traded as high as $2.57 and last traded at $2.48. Approximately 2,192,490 shares changed hands during trading, a decline of 22% from the average daily volume of 2,794,728 shares. The stock had previously closed at $2.21.
Taseko Mines Stock Down 6.6 %
The firm has a market capitalization of $717.48 million, a PE ratio of 12.58 and a beta of 1.77. The company has a quick ratio of 1.34, a current ratio of 2.09 and a debt-to-equity ratio of 1.57. The business has a 50-day moving average price of $2.32 and a 200-day moving average price of $2.39.
Institutional Trading of Taseko Mines
A number of hedge funds and other institutional investors have recently modified their holdings of TGB. Keystone Wealth Services LLC acquired a new stake in Taseko Mines during the second quarter worth about $37,000. SG Americas Securities LLC acquired a new stake in shares of Taseko Mines during the 3rd quarter worth approximately $38,000. Ballentine Partners LLC purchased a new stake in shares of Taseko Mines during the 3rd quarter valued at approximately $42,000. Signaturefd LLC lifted its holdings in Taseko Mines by 21.9% in the third quarter. Signaturefd LLC now owns 46,808 shares of the company’s stock valued at $118,000 after acquiring an additional 8,397 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Taseko Mines during the second quarter worth $157,000. 17.94% of the stock is owned by institutional investors and hedge funds.
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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