Mirae Asset Global Investments Co. Ltd. Boosts Holdings in Taseko Mines Limited (NYSE:TGB)

Mirae Asset Global Investments Co. Ltd. lifted its position in Taseko Mines Limited (NYSE:TGB - Free Report) by 22.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,620,259 shares of the company's stock after acquiring an additional 1,394,848 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 2.63% of Taseko Mines worth $10,668,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Centaurus Financial Inc. bought a new stake in shares of Taseko Mines in the 1st quarter worth $41,000. Citigroup Inc. grew its position in Taseko Mines by 139.8% during the fourth quarter. Citigroup Inc. now owns 19,184 shares of the company's stock valued at $28,000 after buying an additional 11,184 shares during the period. ExodusPoint Capital Management LP bought a new position in Taseko Mines during the fourth quarter valued at about $32,000. Aigen Investment Management LP bought a new position in Taseko Mines during the third quarter valued at about $28,000. Finally, Mariner LLC grew its position in Taseko Mines by 41.6% during the fourth quarter. Mariner LLC now owns 22,743 shares of the company's stock valued at $33,000 after buying an additional 6,677 shares during the period. Institutional investors own 17.94% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on TGB. TheStreet upgraded shares of Taseko Mines from a "d" rating to a "c" rating in a research report on Thursday, March 14th. TD Securities increased their price target on shares of Taseko Mines from $3.25 to $3.50 and gave the company a "buy" rating in a research report on Tuesday, March 26th. Finally, Stifel Nicolaus assumed coverage on shares of Taseko Mines in a report on Tuesday, March 26th. They set a "buy" rating on the stock.

Taseko Mines Stock Performance

NYSE TGB traded down $0.02 during trading on Friday, hitting $2.49. 4,241,216 shares of the company's stock traded hands, compared to its average volume of 1,970,561. The stock has a market capitalization of $723.87 million, a price-to-earnings ratio of 12.45 and a beta of 1.99. Taseko Mines Limited has a 12-month low of $1.05 and a 12-month high of $2.58. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.90 and a current ratio of 1.77. The business has a 50 day moving average of $1.83 and a 200-day moving average of $1.47.

Taseko Mines (NYSE:TGB - Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $112.90 million for the quarter. Taseko Mines had a net margin of 15.66% and a return on equity of 11.54%. As a group, equities research analysts anticipate that Taseko Mines Limited will post 0.19 earnings per share for the current fiscal year.

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 87.5% 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.