Taseko Mines Sees Unusually Large Options Volume (NYSE:TGB)

Taseko Mines Limited (NYSE:TGB) saw unusually large options trading activity on Friday. Stock traders acquired 6,651 call options on the company. This is an increase of approximately 522% compared to the typical daily volume of 1,069 call options.

Taseko Mines Stock Performance

Shares of TGB opened at $3.06 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48. The firm has a market cap of $966.58 million, a PE ratio of -102.00 and a beta of 1.34. The company’s 50 day simple moving average is $2.12 and its 200-day simple moving average is $2.10. Taseko Mines has a 12-month low of $1.67 and a 12-month high of $3.09.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Taseko Mines from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th.

Hedge Funds Weigh In On Taseko Mines

A number of hedge funds have recently modified their holdings of the business. Barclays PLC lifted its holdings in shares of Taseko Mines by 353.3% during the third quarter. Barclays PLC now owns 79,323 shares of the company’s stock worth $200,000 after purchasing an additional 61,823 shares during the period. Y.D. More Investments Ltd acquired a new stake in shares of Taseko Mines during the fourth quarter worth $195,000. Raymond James Financial Inc. acquired a new stake in shares of Taseko Mines during the fourth quarter worth $1,070,000. Callan Family Office LLC acquired a new stake in shares of Taseko Mines during the fourth quarter worth $106,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Taseko Mines by 52.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,301,466 shares of the company’s stock worth $18,095,000 after purchasing an additional 3,217,385 shares during the period. 17.94% of the stock is currently owned by hedge funds and other 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.