Taseko Mines (NYSE:TGB) Hits New 52-Week High – Time to Buy?

Taseko Mines Limited (NYSE:TGB) shares hit a new 52-week high during trading on Monday . The company traded as high as $5.63 and last traded at $5.5950, with a volume of 618246 shares trading hands. The stock had previously closed at $5.50.

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 market cap of $2.03 billion, a P/E ratio of -186.67 and a beta of 1.35. The firm’s 50-day moving average is $4.69 and its two-hundred day moving average is $3.87.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Swiss National Bank grew its holdings in Taseko Mines by 3.8% during the first quarter. Swiss National Bank now owns 593,500 shares of the company’s stock valued at $1,329,000 after purchasing an additional 21,500 shares during the last quarter. Nuveen LLC acquired a new position in shares of Taseko Mines during the 1st quarter worth about $659,000. HighTower Advisors LLC increased its position in Taseko Mines by 51.9% during the first quarter. HighTower Advisors LLC now owns 32,646 shares of the company’s stock worth $73,000 after acquiring an additional 11,150 shares during the period. American Century Companies Inc. raised its stake in Taseko Mines by 68.3% during the 1st quarter. American Century Companies Inc. now owns 1,384,715 shares of the company’s stock valued at $3,098,000 after purchasing an additional 562,164 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Taseko Mines in the 1st quarter valued at $161,000. 17.94% of the stock is owned by institutional investors.

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.