D. E. Shaw & Co. Inc. Cuts Holdings in Taseko Mines Limited (NYSE:TGB)

D. E. Shaw & Co. Inc. lessened its position in shares of Taseko Mines Limited (NYSE:TGB - Free Report) by 16.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,935,153 shares of the company's stock after selling 375,633 shares during the period. D. E. Shaw & Co. Inc. owned 0.64% of Taseko Mines worth $3,754,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Eagle Global Advisors LLC bought a new position in Taseko Mines during the fourth quarter worth $142,000. Cubist Systematic Strategies LLC bought a new position in Taseko Mines during the fourth quarter worth $80,000. CastleKnight Management LP raised its stake in Taseko Mines by 67.3% during the fourth quarter. CastleKnight Management LP now owns 845,600 shares of the company's stock worth $1,640,000 after buying an additional 340,300 shares during the last quarter. Capstone Investment Advisors LLC raised its stake in Taseko Mines by 44.0% during the fourth quarter. Capstone Investment Advisors LLC now owns 31,510 shares of the company's stock worth $61,000 after buying an additional 9,630 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Taseko Mines by 32.6% in the fourth quarter. Bank of America Corp DE now owns 1,867,965 shares of the company's stock valued at $3,624,000 after purchasing an additional 459,226 shares in the last quarter. Institutional investors own 17.94% of the company's stock.

Taseko Mines Stock Up 3.9%

TGB traded up $0.08 during midday trading on Friday, hitting $2.15. The company had a trading volume of 9,863,535 shares, compared to its average volume of 6,117,653. Taseko Mines Limited has a 52 week low of $1.67 and a 52 week 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. The company has a market capitalization of $679.13 million, a price-to-earnings ratio of -71.67 and a beta of 1.41. The stock's 50 day moving average price is $2.12 and its 200 day moving average price is $2.08.

Wall Street Analyst Weigh In

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.

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.