StockNews.com Downgrades Taseko Mines (NYSE:TGB) to Sell

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

Separately, National Bank Financial raised Taseko Mines from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $3.50.

Taseko Mines Price Performance

Shares of NYSE TGB opened at $2.05 on Friday. The firm has a market cap of $624.57 million, a P/E ratio of -68.33 and a beta of 1.70. 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 1-year low of $1.46 and a 1-year high of $3.15. The business’s 50 day moving average is $2.02 and its 200-day moving average is $2.15.

Institutional Investors Weigh In On Taseko Mines

Large investors have recently modified their holdings of the business. Bank of Montreal Can boosted its holdings in shares of Taseko Mines by 296.8% in the 3rd quarter. Bank of Montreal Can now owns 3,160,574 shares of the company’s stock valued at $8,225,000 after purchasing an additional 2,364,116 shares in the last quarter. Dakota Wealth Management boosted its holdings in shares of Taseko Mines by 1.5% in the 3rd quarter. Dakota Wealth Management now owns 457,939 shares of the company’s stock valued at $1,154,000 after purchasing an additional 6,973 shares in the last quarter. Barclays PLC boosted its holdings in shares of Taseko Mines by 353.3% in the 3rd quarter. Barclays PLC now owns 79,323 shares of the company’s stock valued at $200,000 after purchasing an additional 61,823 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of Taseko Mines in the 3rd quarter valued at $199,000. Finally, Centiva Capital LP boosted its holdings in shares of Taseko Mines by 125.9% in the 3rd quarter. Centiva Capital LP now owns 196,072 shares of the company’s stock valued at $494,000 after purchasing an additional 109,284 shares in the last quarter. Institutional investors and hedge funds own 17.94% of the company’s stock.

Taseko Mines Company Profile

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.