Taseko Mines Limited (NYSE:TGB) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lowered its stake in Taseko Mines Limited (NYSE:TGB - Free Report) by 16.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,935,153 shares of the company's stock after selling 375,633 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.64% of Taseko Mines worth $3,754,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Taseko Mines by 57.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,468,029 shares of the company's stock valued at $2,848,000 after acquiring an additional 534,272 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Taseko Mines in the 4th quarter valued at about $1,070,000. Cubist Systematic Strategies LLC purchased a new position in Taseko Mines in the 4th quarter valued at about $80,000. Barclays PLC boosted its stake 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, Envestnet Asset Management Inc. purchased a new stake in shares of Taseko Mines during the fourth quarter worth about $62,000. Institutional investors and hedge funds own 17.94% of the company's stock.

Taseko Mines Trading Up 0.5%

Shares of NYSE:TGB traded up $0.01 during midday trading on Thursday, reaching $2.07. The company's stock had a trading volume of 8,631,818 shares, compared to its average volume of 6,081,485. The firm has a market cap of $653.86 million, a price-to-earnings ratio of -69.00 and a beta of 1.41. The business has a 50 day moving average price of $2.13 and a 200 day moving average price of $2.09. Taseko Mines Limited has a 1 year low of $1.67 and a 1 year high of $3.03. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Taseko Mines from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th.

Taseko Mines Company 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.