Arrowstreet Capital Limited Partnership reduced its position in Taseko Mines Limited (NYSEAMERICAN:TGB - Free Report) by 84.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,071 shares of the company's stock after selling 738,937 shares during the period. Arrowstreet Capital Limited Partnership's holdings in Taseko Mines were worth $848,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. acquired a new position in shares of Taseko Mines during the 1st quarter worth $698,000. Walleye Capital LLC acquired a new stake in Taseko Mines in the 1st quarter valued at about $12,740,000. Cetera Investment Advisers grew its stake in Taseko Mines by 135.4% in the 1st quarter. Cetera Investment Advisers now owns 129,371 shares of the company's stock valued at $834,000 after acquiring an additional 74,415 shares during the last quarter. Militia Capital Management LLC acquired a new stake in Taseko Mines in the 1st quarter valued at about $1,745,000. Finally, Temasek Holdings Private Ltd purchased a new position in Taseko Mines during the 1st quarter valued at about $2,739,000. 17.94% of the stock is owned by institutional investors and hedge funds.
Taseko Mines Stock Up 0.7%
TGB opened at $8.24 on Friday. Taseko Mines Limited has a 12 month low of $3.01 and a 12 month high of $9.25. The business has a 50-day moving average of $7.14 and a two-hundred day moving average of $7.26. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.37 and a quick ratio of 0.76. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 412.21 and a beta of 1.31.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on TGB. Cantor Fitzgerald upgraded shares of Taseko Mines from a "buy" rating to a "buy" rating and set a $9.00 target price for the company in a research report on Thursday, May 7th. Zacks Research upgraded shares of Taseko Mines from a "strong sell" rating to a "hold" rating in a research report on Monday, June 15th. Finally, Canaccord Genuity Group raised their price objective on shares of Taseko Mines from C$13.50 to C$14.00 and gave the stock a "buy" rating in a research note on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Taseko Mines has a consensus rating of "Moderate Buy" and an average price target of $9.00.
Read Our Latest Research Report on Taseko Mines
Taseko Mines Company Profile
(
Free Report)
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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