Tidal Investments LLC Sells 13,561,899 Shares of Taseko Mines Limited (NYSE:TGB)

Tidal Investments LLC lowered its stake in Taseko Mines Limited (NYSE:TGB - Free Report) by 99.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,182 shares of the company's stock after selling 13,561,899 shares during the quarter. Tidal Investments LLC's holdings in Taseko Mines were worth $254,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Man Group plc bought a new position in shares of Taseko Mines in the fourth quarter valued at approximately $236,000. Millennium Management LLC increased its position in shares of Taseko Mines by 105.0% during the 4th quarter. Millennium Management LLC now owns 1,174,453 shares of the company's stock valued at $2,279,000 after purchasing an additional 601,684 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 worth $20,880,000 after buying an additional 297,403 shares in the last quarter. Deutsche Bank AG lifted its holdings 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 during the period. Finally, Eagle Global Advisors LLC acquired a new stake in shares of Taseko Mines in the fourth quarter valued at $142,000. Institutional investors own 17.94% of the company's stock.

Taseko Mines Stock Up 3.1%

Shares of NYSE TGB traded up $0.08 during mid-day trading on Wednesday, reaching $2.47. The company had a trading volume of 4,843,013 shares, compared to its average volume of 6,258,800. The stock has a fifty day moving average of $2.10 and a two-hundred day moving average of $2.09. Taseko Mines Limited has a 12-month low of $1.67 and a 12-month high of $2.69. The company has a market capitalization of $778.63 million, a price-to-earnings ratio of -82.17 and a beta of 1.41. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.05 and a current ratio of 1.71.

Wall Street Analyst Weigh In

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

Taseko Mines 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.