Nuveen LLC Purchases New Holdings in Taseko Mines Limited $TGB

Key Points

• Nuveen LLC has invested approximately $659,000 in Taseko Mines Limited, acquiring 294,765 shares, which represents about 0.09% of the company as of the latest SEC filing.
• Analyst ratings for Taseko Mines have changed recently, with TD Securities downgrading the stock from a "strong-buy" to a "hold" while raising its target price to $5.00.
• The stock opened at $3.40 on Thursday, with a market capitalization of $1.08 billion and a 52-week price range of $1.67 to $3.67.

Nuveen LLC purchased a new stake in Taseko Mines Limited (NYSE:TGB - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 294,765 shares of the company's stock, valued at approximately $659,000. Nuveen LLC owned 0.09% of Taseko Mines at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Signaturefd LLC boosted its stake in Taseko Mines by 12.0% in the first quarter. Signaturefd LLC now owns 47,992 shares of the company's stock worth $108,000 after purchasing an additional 5,154 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Taseko Mines by 8.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 94,776 shares of the company's stock valued at $185,000 after buying an additional 6,987 shares in the last quarter. Barclays PLC increased its stake 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 buying an additional 8,576 shares in the last quarter. Mariner LLC increased its stake in shares of Taseko Mines by 31.0% in the fourth quarter. Mariner LLC now owns 36,736 shares of the company's stock valued at $71,000 after buying an additional 8,693 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Taseko Mines by 88.2% in the fourth quarter. Deutsche Bank AG now owns 19,857 shares of the company's stock valued at $39,000 after buying an additional 9,308 shares in the last quarter. 17.94% of the stock is currently owned by institutional investors.

Taseko Mines Trading Down 1.0%

Shares of Taseko Mines stock traded down $0.03 during trading hours on Tuesday, hitting $3.43. The company's stock had a trading volume of 1,304,706 shares, compared to its average volume of 9,530,915. Taseko Mines Limited has a 12 month low of $1.67 and a 12 month high of $3.67. The stock has a 50 day moving average of $3.28 and a 200 day moving average of $2.64. The company has a market capitalization of $1.09 billion, a PE ratio of -114.83 and a beta of 1.18. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05.

Analysts Set New Price Targets

TGB has been the subject of a number of research reports. Wall Street Zen lowered Taseko Mines from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. BMO Capital Markets restated an "outperform" rating on shares of Taseko Mines in a research note on Friday, August 8th. Finally, TD Securities lowered Taseko Mines from a "strong-buy" rating to a "hold" rating and raised their target price for the company from $3.50 to $5.00 in a research note on Wednesday, July 16th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $5.00.

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.