Dimensional Fund Advisors LP Has $2.85 Million Holdings in Taseko Mines Limited (NYSE:TGB)

Dimensional Fund Advisors LP increased its stake in Taseko Mines Limited (NYSE:TGB - Free Report) by 57.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,468,029 shares of the company's stock after purchasing an additional 534,272 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.48% of Taseko Mines worth $2,848,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of TGB. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Taseko Mines by 52.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,301,466 shares of the company's stock valued at $18,095,000 after buying an additional 3,217,385 shares in the last quarter. Renaissance Technologies LLC raised its position in Taseko Mines by 15.6% during the fourth quarter. Renaissance Technologies LLC now owns 6,676,370 shares of the company's stock valued at $12,952,000 after buying an additional 900,400 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Taseko Mines by 16.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,802,466 shares of the company's stock valued at $5,449,000 after buying an additional 396,883 shares during the period. Anthracite Investment Company Inc. raised its position in Taseko Mines by 5.1% during the fourth quarter. Anthracite Investment Company Inc. now owns 1,659,460 shares of the company's stock valued at $3,219,000 after buying an additional 80,000 shares during the period. Finally, Russell Investments Group Ltd. raised its position in Taseko Mines by 52.5% during the fourth quarter. Russell Investments Group Ltd. now owns 1,280,126 shares of the company's stock valued at $2,483,000 after buying an additional 440,854 shares during the period. Institutional investors and hedge funds own 17.94% of the company's stock.

Taseko Mines Stock Performance

NYSE:TGB remained flat at $2.01 during trading hours on Friday. The company had a trading volume of 4,630,593 shares, compared to its average volume of 6,116,830. The stock has a market cap of $634.91 million, a price-to-earnings ratio of -67.00 and a beta of 1.41. Taseko Mines Limited has a 52-week low of $1.67 and a 52-week high of $3.15. 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 stock has a fifty day moving average price of $2.15 and a two-hundred day moving average price of $2.09.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Taseko Mines from a "hold" rating to a "sell" rating in a research report on Tuesday.

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.