Man Group plc purchased a new stake in Taseko Mines Limited (NYSE:TGB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 121,600 shares of the company's stock, valued at approximately $236,000.
Other hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings 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. Barclays PLC grew its holdings in shares of Taseko Mines by 10.8% in the fourth quarter. Barclays PLC now owns 87,899 shares of the company's stock valued at $171,000 after purchasing an additional 8,576 shares during the period. Mariner LLC raised 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 valued at $71,000 after buying an additional 8,693 shares during the period. Deutsche Bank AG increased its position in shares of Taseko Mines by 88.2% during the 4th 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, Capstone Investment Advisors LLC lifted its holdings in shares of Taseko Mines by 44.0% in the 4th quarter. Capstone Investment Advisors LLC now owns 31,510 shares of the company's stock worth $61,000 after acquiring an additional 9,630 shares during the last quarter. 17.94% of the stock is owned by hedge funds and other institutional investors.
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.
Check Out Our Latest Report on Taseko Mines
Taseko Mines Stock Down 1.8%
TGB traded down $0.04 on Friday, reaching $2.23. The company's stock had a trading volume of 9,949,541 shares, compared to its average volume of 6,192,773. Taseko Mines Limited has a fifty-two week low of $1.67 and a fifty-two week high of $2.73. The company has a market capitalization of $704.40 million, a price-to-earnings ratio of -74.33 and a beta of 1.41. The stock has a 50 day moving average of $2.10 and a two-hundred day moving average of $2.08. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48.
About Taseko Mines
(
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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