Taseko Mines (NYSE:TGB) Trading Up 3.4% – Still a Buy?

Taseko Mines Limited (NYSE:TGB)’s stock price traded up 3.4% during mid-day trading on Friday . The company traded as high as $5.92 and last traded at $5.8290. 2,533,837 shares were traded during trading, a decline of 70% from the average session volume of 8,407,564 shares. The stock had previously closed at $5.64.

Taseko Mines Trading Up 2.9%

The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.05 and a current ratio of 1.71. The firm has a market cap of $2.09 billion, a P/E ratio of -193.50 and a beta of 1.35. The firm has a 50 day simple moving average of $4.75 and a 200 day simple moving average of $3.89.

Institutional Trading of Taseko Mines

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sowell Financial Services LLC boosted its holdings in Taseko Mines by 8.7% in the 2nd quarter. Sowell Financial Services LLC now owns 62,331 shares of the company’s stock valued at $196,000 after purchasing an additional 5,000 shares during the period. CenterBook Partners LP raised its position in shares of Taseko Mines by 0.7% in the third quarter. CenterBook Partners LP now owns 774,437 shares of the company’s stock worth $3,276,000 after buying an additional 5,007 shares in the last quarter. Carrera Capital Advisors boosted its stake in Taseko Mines by 0.8% during the third quarter. Carrera Capital Advisors now owns 706,110 shares of the company’s stock valued at $2,987,000 after buying an additional 5,425 shares during the period. National Bank of Canada FI boosted its stake in Taseko Mines by 12.2% during the third quarter. National Bank of Canada FI now owns 58,640 shares of the company’s stock valued at $247,000 after buying an additional 6,399 shares during the period. Finally, Focus Partners Wealth grew its position in Taseko Mines by 19.9% during the first quarter. Focus Partners Wealth now owns 60,200 shares of the company’s stock worth $135,000 after buying an additional 10,000 shares in 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.