National Bank of Canada FI Sells 30,635 Shares of Taseko Mines Limited (NYSE:TGB)

National Bank of Canada FI cut its holdings in shares of Taseko Mines Limited (NYSE:TGB) by 55.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,871 shares of the company’s stock after selling 30,635 shares during the period. National Bank of Canada FI’s holdings in Taseko Mines were worth $48,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TGB. Abacus Wealth Partners LLC bought a new stake in shares of Taseko Mines during the 4th quarter worth $29,000. Quantinno Capital Management LP acquired a new position in Taseko Mines during the third quarter worth about $38,000. LPL Financial LLC bought a new position in shares of Taseko Mines in the fourth quarter worth about $70,000. Prairiewood Capital LLC acquired a new stake in shares of Taseko Mines in the 4th quarter valued at approximately $76,000. Finally, Virtu Financial LLC bought a new stake in shares of Taseko Mines during the 4th quarter valued at approximately $96,000. Institutional investors and hedge funds own 17.94% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Taseko Mines from a “sell” rating to a “hold” rating in a research note on Friday.

Taseko Mines Trading Up 4.8 %

Shares of TGB stock opened at $1.98 on Friday. Taseko Mines Limited has a twelve month low of $1.67 and a twelve month high of $3.15. The stock’s fifty day simple moving average is $2.14 and its 200 day simple moving average is $2.15. 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 firm has a market capitalization of $615.04 million, a P/E ratio of -66.00 and a beta of 1.48.

Taseko Mines 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.