Dimensional Fund Advisors LP Has $4.19 Million Stake in Taseko Mines Limited $TGB

Key Points

• Dimensional Fund Advisors cut its Taseko Mines stake by 43.4% in the first quarter, selling 498,376 shares and retaining 650,128 shares valued at approximately $4.19 million, or 0.18% of the company.
• Other institutional investors increased their positions, including L1 Capital, Mackenzie Financial, Mudita Advisors and TD Asset Management; institutions and hedge funds collectively own 17.94% of Taseko Mines.
• Taseko shares opened at $8.73, near their 52-week high of $9.25. Analysts maintain a “Moderate Buy” consensus, with four Buy ratings, one Hold rating and an average price target of $9.00.

Dimensional Fund Advisors LP trimmed its position in shares of Taseko Mines Limited (NYSEAMERICAN:TGB - Free Report) by 43.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 650,128 shares of the company's stock after selling 498,376 shares during the period. Dimensional Fund Advisors LP owned 0.18% of Taseko Mines worth $4,193,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TGB. L1 Capital Pty Ltd raised its position in Taseko Mines by 45.2% during the fourth quarter. L1 Capital Pty Ltd now owns 35,545,632 shares of the company's stock valued at $201,190,000 after buying an additional 11,066,233 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Taseko Mines by 11.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,126,773 shares of the company's stock worth $34,376,000 after acquiring an additional 854,016 shares during the period. Mackenzie Financial Corp grew its stake in Taseko Mines by 78.6% during the 4th quarter. Mackenzie Financial Corp now owns 6,350,898 shares of the company's stock valued at $35,818,000 after acquiring an additional 2,794,210 shares in the last quarter. Mudita Advisors LLP grew its stake in Taseko Mines by 57.4% during the 4th quarter. Mudita Advisors LLP now owns 4,388,401 shares of the company's stock valued at $24,838,000 after acquiring an additional 1,600,000 shares in the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of Taseko Mines by 815.7% in the 4th quarter. TD Asset Management Inc now owns 3,635,594 shares of the company's stock valued at $20,608,000 after purchasing an additional 3,238,558 shares during the period. 17.94% of the stock is owned by institutional investors and hedge funds.

Taseko Mines Trading Down 1.0%

NYSEAMERICAN:TGB opened at $8.73 on Thursday. The company has a market capitalization of $3.19 billion, a P/E ratio of 436.72 and a beta of 1.31. The stock's 50 day moving average price is $7.20 and its 200 day moving average price is $7.31. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.76 and a current ratio of 1.24. Taseko Mines Limited has a 52 week low of $3.01 and a 52 week high of $9.25.

Analyst Ratings Changes

A number of research firms have recently issued reports on TGB. Canaccord Genuity Group increased their price target on shares of Taseko Mines from C$13.50 to C$14.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. Cantor Fitzgerald upgraded shares of Taseko Mines from a "buy" rating to a "buy" rating and set a $9.00 price objective on the stock in a research note on Thursday, May 7th. Finally, Zacks Research upgraded shares of Taseko Mines from a "strong sell" rating to a "hold" rating in a research report on Monday, June 15th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $9.00.

Taseko Mines Company Profile

Taseko Mines Ltd. is a Vancouver‐based mining company primarily engaged in the exploration, development and production of copper‐based projects. Its flagship operation is the Gibraltar copper mine in central British Columbia, which ranks among Canada’s largest open pit copper producers. In addition to copper, Gibraltar yields byproducts such as molybdenum and silver, reflecting Taseko’s focus on base and precious metals.

Beyond Gibraltar, Taseko holds two advanced development assets.

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