Man Group plc Acquires Shares of 121,600 Taseko Mines Limited (NYSE:TGB)

Man Group plc bought a new position in Taseko Mines Limited (NYSE:TGB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 121,600 shares of the company's stock, valued at approximately $236,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Millennium Management LLC boosted its holdings in shares of Taseko Mines by 105.0% in the fourth quarter. Millennium Management LLC now owns 1,174,453 shares of the company's stock worth $2,279,000 after acquiring an additional 601,684 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Taseko Mines by 2.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,725,601 shares of the company's stock valued at $20,880,000 after purchasing an additional 297,403 shares during the period. Deutsche Bank AG grew 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 valued at $39,000 after purchasing an additional 9,308 shares in the last quarter. Eagle Global Advisors LLC bought a new position in shares of Taseko Mines in the fourth quarter worth $142,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Taseko Mines during the fourth quarter valued at $80,000. Institutional investors own 17.94% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Taseko Mines from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th.

Taseko Mines Price Performance

TGB stock traded up $0.09 during mid-day trading on Thursday, hitting $2.27. 6,916,363 shares of the stock were exchanged, compared to its average volume of 6,147,624. The stock has a market capitalization of $717.04 million, a price-to-earnings ratio of -75.67 and a beta of 1.41. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05. Taseko Mines Limited has a 12 month low of $1.67 and a 12 month high of $2.85. The business has a fifty day moving average price of $2.11 and a 200 day moving average price of $2.08.

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.