Taseko Mines (NYSE:TGB) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded shares of Taseko Mines (NYSE:TGB) from a hold rating to a sell rating in a research report released on Tuesday.

Taseko Mines Stock Performance

Shares of TGB opened at $2.07 on Tuesday. The company has a market cap of $653.86 million, a price-to-earnings ratio of -69.00 and a beta of 1.41. The business’s fifty day simple moving average is $2.15 and its two-hundred day simple moving average is $2.10. Taseko Mines has a 12 month low of $1.67 and a 12 month high of $3.15. 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 Trading of Taseko Mines

Several large investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in Taseko Mines by 21.7% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,319,863 shares of the company’s stock worth $25,333,000 after purchasing an additional 2,018,397 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Taseko Mines by 2.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,725,601 shares of the company’s stock worth $20,880,000 after purchasing an additional 297,403 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Taseko Mines by 15.6% in the fourth quarter. Renaissance Technologies LLC now owns 6,676,370 shares of the company’s stock worth $12,952,000 after buying an additional 900,400 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Taseko Mines by 22.2% in the first quarter. TD Asset Management Inc now owns 4,003,547 shares of the company’s stock worth $8,957,000 after buying an additional 728,241 shares during the last quarter. Finally, CenterBook Partners LP grew its position in Taseko Mines by 16.1% during the first quarter. CenterBook Partners LP now owns 2,838,038 shares of the company’s stock valued at $6,357,000 after buying an additional 393,665 shares during the period. Institutional investors 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.