Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 144,509 shares, a decline of 32.8% from the January 12th total of 215,151 shares. Based on an average trading volume of 781,306 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.
Shares of Taseko Mines (TGB) traded down $0.02 on Friday, reaching $1.58. 1,316,924 shares of the company traded hands, compared to its average volume of 1,011,037. The stock has a market cap of $382.39, a price-to-earnings ratio of 9.41 and a beta of 2.40. Taseko Mines has a 12-month low of $1.00 and a 12-month high of $2.46.
A number of institutional investors and hedge funds have recently modified their holdings of TGB. Picton Mahoney Asset Management purchased a new stake in Taseko Mines during the fourth quarter worth about $132,000. QS Investors LLC purchased a new stake in Taseko Mines during the second quarter worth about $142,000. Bank of Montreal Can increased its stake in Taseko Mines by 93.9% during the fourth quarter. Bank of Montreal Can now owns 67,543 shares of the mining company’s stock worth $158,000 after purchasing an additional 32,713 shares during the period. CIBC World Markets Inc. increased its stake in Taseko Mines by 355.9% during the fourth quarter. CIBC World Markets Inc. now owns 68,185 shares of the mining company’s stock worth $159,000 after purchasing an additional 53,230 shares during the period. Finally, Stifel Financial Corp purchased a new stake in Taseko Mines during the third quarter worth about $168,000.
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Taseko Mines Company Profile
Taseko Mines Limited is a mining company. The Company is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada and the State of Arizona, the United States. Its projects represent a range of metals, including gold, copper and niobium.
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