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

Taseko Mines (NYSE:TGB) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

Taseko Mines Stock Up 4.8 %

Shares of Taseko Mines stock traded up $0.09 during trading on Friday, hitting $1.98. 24,738,696 shares of the stock traded hands, compared to its average volume of 5,118,771. 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 $615.04 million, a P/E ratio of -66.00 and a beta of 1.48. The stock’s fifty day simple moving average is $2.14 and its 200 day simple moving average is $2.15. Taseko Mines has a 52-week low of $1.67 and a 52-week high of $3.15.

Institutional Trading of Taseko Mines

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Abacus Wealth Partners LLC purchased a new position in shares of Taseko Mines in the 4th quarter worth approximately $29,000. BIP Wealth LLC acquired a new stake in Taseko Mines during the fourth quarter valued at $30,000. Cadence Bank acquired a new position in Taseko Mines in the 4th quarter worth about $32,000. Lido Advisors LLC acquired a new position in Taseko Mines during the fourth quarter worth $37,000. Finally, Quantinno Capital Management LP purchased a new position in shares of Taseko Mines in the third quarter valued at approximately $38,000. 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.