Taseko Mines (NYSE:TGB) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Taseko Mines (NYSE:TGB) from a sell rating to a hold rating in a research note issued to investors on Monday.

Taseko Mines Trading Down 0.5 %

Shares of TGB stock opened at $1.95 on Monday. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48. Taseko Mines has a twelve month low of $1.67 and a twelve month high of $3.15. The company’s 50-day moving average price is $2.16 and its 200-day moving average price is $2.11. The stock has a market cap of $615.96 million, a price-to-earnings ratio of -65.00 and a beta of 1.41.

Institutional Trading of Taseko Mines

Several institutional investors have recently made changes to their positions in the company. Abacus Wealth Partners LLC acquired a new stake in Taseko Mines during the fourth quarter worth $29,000. BIP Wealth LLC acquired a new stake in shares of Taseko Mines during the 4th quarter worth about $30,000. Cadence Bank purchased a new stake in Taseko Mines in the 4th quarter valued at about $32,000. Lido Advisors LLC acquired a new position in Taseko Mines in the fourth quarter valued at about $37,000. Finally, Deutsche Bank AG boosted its stake in Taseko Mines by 88.2% during the fourth quarter. Deutsche Bank AG now owns 19,857 shares of the company’s stock worth $39,000 after buying an additional 9,308 shares during the period. Hedge funds and other institutional investors own 17.94% of the company’s stock.

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.