Taseko Mines (NYSE:TGB) Trading Down 3.5% – What’s Next?

Posted by Jared Coughlin on Apr 2nd, 2025

Shares of Taseko Mines Limited (NYSE:TGB – Get Free Report) were down 3.5% during trading on Wednesday . The stock traded as low as $2.21 and last traded at $2.21. Approximately 7,923,554 shares traded hands during mid-day trading, an increase of 70% from the average daily volume of 4,647,895 shares. The stock had previously closed at $2.29.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TGB shares. StockNews.com downgraded shares of Taseko Mines from a “hold” rating to a “sell” rating in a research report on Friday, February 21st. National Bank Financial upgraded shares of Taseko Mines from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 10th.

Get Our Latest Stock Report on TGB

Taseko Mines Stock Performance

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 stock has a fifty day moving average price of $2.15 and a 200-day moving average price of $2.17. The firm has a market cap of $686.48 million, a price-to-earnings ratio of -73.67 and a beta of 1.61.

Hedge Funds Weigh In On Taseko Mines

Large investors have recently bought and sold shares of the company. Abacus Wealth Partners LLC acquired a new position in Taseko Mines during the 4th quarter worth approximately $29,000. BIP Wealth LLC purchased a new stake in shares of Taseko Mines in the fourth quarter valued at approximately $30,000. Cadence Bank acquired a new position in Taseko Mines during the fourth quarter worth $32,000. Lido Advisors LLC acquired a new position in Taseko Mines during the fourth quarter worth $37,000. Finally, Quantinno Capital Management LP purchased a new position in Taseko Mines in the third quarter worth $38,000. Hedge funds and other institutional investors own 17.94% of the company’s stock.

About Taseko Mines

(Get Free Report)

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.