Taseko Mines (NYSE:TGB) Shares Up 3.4% – Should You Buy?

Taseko Mines Limited (NYSE:TGB)’s share price shot up 3.4% during mid-day trading on Friday . The company traded as high as $5.92 and last traded at $5.8290. 2,533,837 shares changed hands during trading, a decline of 70% from the average session volume of 8,407,564 shares. The stock had previously closed at $5.64.

Taseko Mines Price Performance

The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of -193.67 and a beta of 1.35. The business’s fifty day simple moving average is $4.79 and its 200 day simple moving average is $3.92.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in Taseko Mines in the first quarter worth approximately $659,000. HighTower Advisors LLC lifted its holdings in shares of Taseko Mines by 51.9% in the 1st quarter. HighTower Advisors LLC now owns 32,646 shares of the company’s stock worth $73,000 after purchasing an additional 11,150 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Taseko Mines by 68.3% in the 1st quarter. American Century Companies Inc. now owns 1,384,715 shares of the company’s stock worth $3,098,000 after purchasing an additional 562,164 shares in the last quarter. L1 Capital Pty Ltd acquired a new stake in Taseko Mines in the 1st quarter valued at $28,243,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Taseko Mines by 2.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,022,109 shares of the company’s stock valued at $24,789,000 after purchasing an additional 296,508 shares in the last quarter. 17.94% of the stock is owned by institutional investors and hedge funds.

Taseko Mines Company Profile

Taseko Mines Ltd. is a Vancouver‐based mining company primarily engaged in the exploration, development and production of copper‐based projects. Its flagship operation is the Gibraltar copper mine in central British Columbia, which ranks among Canada’s largest open pit copper producers. In addition to copper, Gibraltar yields byproducts such as molybdenum and silver, reflecting Taseko’s focus on base and precious metals.

Beyond Gibraltar, Taseko holds two advanced development assets. The Florence Copper project in Arizona employs an in‐situ recovery process to extract copper, positioning it as one of North America’s first large‐scale applications of this technology.