Shares of Taseko Mines Limited (NYSE:TGB – Get Free Report) were up 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 mid-day 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 Price Performance
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 firm’s fifty day moving average price is $2.31 and its 200-day moving average price is $2.39. The stock has a market cap of $753.49 million, a P/E ratio of 13.26 and a beta of 1.77.
Institutional Trading of Taseko Mines
Large investors have recently modified their holdings of the business. Quantbot Technologies LP purchased a new stake in Taseko Mines in the first quarter worth $307,000. CANADA LIFE ASSURANCE Co lifted its holdings in Taseko Mines by 1,135.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 142,436 shares of the company’s stock worth $306,000 after buying an additional 130,905 shares during the period. Herr Investment Group LLC bought a new stake in Taseko Mines during the 1st quarter valued at approximately $326,000. Tidal Investments LLC bought a new stake in Taseko Mines during the 1st quarter valued at approximately $3,508,000. Finally, Keystone Wealth Services LLC bought a new position in shares of Taseko Mines in the 2nd quarter worth approximately $37,000. 17.94% of the stock is owned by institutional investors.
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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