Diamond Hill Capital Management Inc. decreased its holdings in Taseko Mines Limited (NYSE:TGB - Free Report) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,733,645 shares of the company's stock after selling 79,152 shares during the period. Diamond Hill Capital Management Inc. owned 0.55% of Taseko Mines worth $3,883,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. BIP Wealth LLC bought a new stake in Taseko Mines in the fourth quarter worth about $30,000. Cadence Bank bought a new stake in Taseko Mines in the fourth quarter worth about $32,000. Lido Advisors LLC bought a new stake in Taseko Mines in the fourth quarter worth about $37,000. Deutsche Bank AG lifted its stake in Taseko Mines by 88.2% in the fourth quarter. Deutsche Bank AG now owns 19,857 shares of the company's stock worth $39,000 after purchasing an additional 9,308 shares during the last quarter. Finally, Oxford Asset Management LLP bought a new stake in Taseko Mines in the fourth quarter worth about $45,000. Institutional investors own 17.94% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on TGB. Wall Street Zen downgraded shares of Taseko Mines from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. TD Securities lowered shares of Taseko Mines from a "strong-buy" rating to a "hold" rating and raised their target price for the stock from $3.50 to $5.00 in a research report on Wednesday, July 16th.
Check Out Our Latest Stock Report on TGB
Taseko Mines Price Performance
Shares of NYSE:TGB remained flat at $3.44 during trading on Friday. 3,164,300 shares of the stock were exchanged, compared to its average volume of 10,796,379. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -114.67 and a beta of 1.42. The business's 50-day simple moving average is $2.92 and its two-hundred day simple moving average is $2.39. Taseko Mines Limited has a fifty-two week low of $1.67 and a fifty-two week high of $3.67. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48.
Taseko Mines Profile
(
Free Report)
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.
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