Taseko Mines Limited (NYSE:TGB – Get Free Report)’s stock price shot up 12.2% during trading on Thursday . The stock traded as high as $2.57 and last traded at $2.48. 2,192,490 shares were traded during trading, a decline of 22% from the average session volume of 2,794,728 shares. The stock had previously closed at $2.21.
Taseko Mines Trading Up 13.6 %
The stock’s fifty day simple moving average is $2.31 and its two-hundred day simple moving average is $2.39. The firm has a market cap of $753.49 million, a PE ratio of 13.26 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.
Institutional Investors Weigh In On Taseko Mines
Several hedge funds have recently added to or reduced their stakes in TGB. Keystone Wealth Services LLC purchased a new stake in Taseko Mines during the 2nd quarter valued at about $37,000. SG Americas Securities LLC bought a new stake in Taseko Mines in the 3rd quarter worth about $38,000. Ballentine Partners LLC bought a new stake in Taseko Mines in the 3rd quarter worth approximately $42,000. Signaturefd LLC grew its stake in shares of Taseko Mines by 21.9% during the 3rd quarter. Signaturefd LLC now owns 46,808 shares of the company’s stock valued at $118,000 after purchasing an additional 8,397 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Taseko Mines during the 2nd quarter valued at about $157,000. 17.94% of the stock is 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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