Taseko Mines (NYSE:TGB) Lowered to Sell Rating by StockNews.com

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

Taseko Mines Stock Performance

TGB opened at $2.01 on Tuesday. The firm has a market capitalization of $634.91 million, a PE ratio of -67.00 and a beta of 1.41. Taseko Mines has a twelve month low of $1.67 and a twelve month high of $3.15. The firm’s 50-day moving average price is $2.15 and its 200 day moving average price is $2.09. 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 Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Taseko Mines by 57.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,468,029 shares of the company’s stock valued at $2,848,000 after acquiring an additional 534,272 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Taseko Mines during the fourth quarter worth approximately $1,070,000. Envestnet Asset Management Inc. acquired a new stake in shares of Taseko Mines in the fourth quarter worth $62,000. Barclays PLC grew its holdings in Taseko Mines by 10.8% during the 4th quarter. Barclays PLC now owns 87,899 shares of the company’s stock valued at $171,000 after purchasing an additional 8,576 shares in the last quarter. Finally, LPL Financial LLC acquired a new stake in Taseko Mines during the 4th quarter valued at $70,000. 17.94% of the stock is owned by hedge funds and other institutional investors.

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.