Taseko Mines Limited $TGB Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Taseko Mines Limited by 68.3% during Q1, owning 1,384,715 shares worth approximately $3.1 million.
• Several other institutional investors also boosted their holdings in Taseko Mines, with Connor Clark & Lunn Investment Management increasing its stake by 21.7% and TD Asset Management raising its stake by 22.2%.
• Wall Street analysts have mixed opinions on Taseko Mines, with BMO Capital Markets maintaining an "outperform" rating, while TD Securities downgraded the stock from "strong-buy" to "hold" but raised the price target to $5.00.

American Century Companies Inc. boosted its holdings in shares of Taseko Mines Limited (NYSE:TGB - Free Report) by 68.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,384,715 shares of the company's stock after acquiring an additional 562,164 shares during the period. American Century Companies Inc. owned 0.44% of Taseko Mines worth $3,098,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in Taseko Mines by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 145,023 shares of the company's stock valued at $282,000 after purchasing an additional 5,928 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of Taseko Mines during the fourth quarter worth about $62,000. Raymond James Financial Inc. purchased a new stake in shares of Taseko Mines in the 4th quarter valued at approximately $1,070,000. Barclays PLC lifted its position in shares of Taseko Mines by 10.8% during the 4th quarter. Barclays PLC now owns 87,899 shares of the company's stock worth $171,000 after purchasing an additional 8,576 shares during the last quarter. Finally, Mariner LLC lifted its position in shares of Taseko Mines by 31.0% during the 4th quarter. Mariner LLC now owns 36,736 shares of the company's stock worth $71,000 after purchasing an additional 8,693 shares during the last quarter. Hedge funds and other institutional investors own 17.94% of the company's stock.

Analyst Ratings Changes

TGB has been the topic of several research analyst reports. Wall Street Zen lowered shares of Taseko Mines from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. BMO Capital Markets restated an "outperform" rating on shares of Taseko Mines in a research note on Friday, August 8th. Finally, TD Securities lowered shares of Taseko Mines from a "strong-buy" rating to a "hold" rating and boosted their price target for the stock from $3.50 to $5.00 in a research note on Wednesday, July 16th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Taseko Mines has a consensus rating of "Moderate Buy" and a consensus price target of $5.00.

Taseko Mines Trading Down 1.6%

NYSE:TGB traded down $0.06 during trading hours on Thursday, reaching $3.35. 2,081,385 shares of the company were exchanged, compared to its average volume of 9,658,660. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -111.50 and a beta of 1.18. Taseko Mines Limited has a 52-week low of $1.67 and a 52-week high of $3.67. The stock has a 50 day simple moving average of $3.26 and a 200 day simple moving average of $2.61.

About Taseko Mines

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.