Taseko Mines (NYSE:TGB) Shares Gap Up – What’s Next?

Taseko Mines Limited (NYSE:TGB)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $6.27, but opened at $6.54. Taseko Mines shares last traded at $6.4250, with a volume of 1,536,258 shares trading hands.

Taseko Mines Stock Performance

The stock has a market cap of $2.36 billion, a price-to-earnings ratio of -217.83 and a beta of 1.27. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48. The company has a 50 day simple moving average of $5.16 and a 200 day simple moving average of $4.15.

Institutional Investors Weigh In On Taseko Mines

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its holdings in Taseko Mines by 25.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,850 shares of the company’s stock worth $92,000 after purchasing an additional 3,000 shares in the last quarter. Sowell Financial Services LLC increased its stake in shares of Taseko Mines by 8.7% in the second quarter. Sowell Financial Services LLC now owns 62,331 shares of the company’s stock valued at $196,000 after buying an additional 5,000 shares during the period. CenterBook Partners LP raised its holdings in Taseko Mines by 0.7% in the 3rd quarter. CenterBook Partners LP now owns 774,437 shares of the company’s stock valued at $3,276,000 after buying an additional 5,007 shares during the last quarter. Carrera Capital Advisors boosted its position in Taseko Mines by 0.8% during the 3rd quarter. Carrera Capital Advisors now owns 706,110 shares of the company’s stock worth $2,987,000 after buying an additional 5,425 shares during the period. Finally, National Bank of Canada FI grew its holdings in Taseko Mines by 12.2% during the 3rd quarter. National Bank of Canada FI now owns 58,640 shares of the company’s stock worth $247,000 after acquiring an additional 6,399 shares during the last quarter. Institutional investors own 17.94% of the company’s stock.

About Taseko Mines

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.