Lowers Taseko Mines (NYSE:TGB) to Hold

Taseko Mines (NYSE:TGBGet Rating) was downgraded by from a “buy” rating to a “hold” rating in a report released on Tuesday.

Shares of NYSE TGB traded down $0.06 during trading on Tuesday, reaching $2.25. The stock had a trading volume of 1,334,791 shares, compared to its average volume of 1,964,462. Taseko Mines has a fifty-two week low of $1.49 and a fifty-two week high of $2.67. The company has a current ratio of 3.26, a quick ratio of 2.49 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $643.45 million, a PE ratio of 22.50 and a beta of 2.24.

About Taseko Mines (Get Rating)

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds 75% interest in the Gibraltar mine located in British Columbia. It also holds 100% interest in 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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