Taseko Mines Limited (NYSE:TGB – Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $5.98 and last traded at $5.8930, with a volume of 1837796 shares changing hands. The stock had previously closed at $5.60.
Taseko Mines Trading Up 7.8%
The business has a 50 day moving average price of $4.96 and a 200-day moving average price of $4.02. The firm has a market capitalization of $2.17 billion, a PE ratio of -201.17 and a beta of 1.27. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48.
Institutional Investors Weigh In On Taseko Mines
Hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Taseko Mines during the 3rd quarter worth approximately $49,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Taseko Mines during the second quarter worth $52,000. Ausdal Financial Partners Inc. purchased a new stake in Taseko Mines during the second quarter worth $52,000. Swiss Life Asset Management Ltd acquired a new stake in Taseko Mines in the third quarter valued at $61,000. Finally, Brevan Howard Capital Management LP purchased a new position in shares of Taseko Mines in the third quarter valued at $61,000. 17.94% of the stock is currently 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.
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