Renaissance Technologies LLC Raises Holdings in Taseko Mines Limited (NYSE:TGB)

Renaissance Technologies LLC lifted its stake in shares of Taseko Mines Limited (NYSE:TGB - Free Report) by 15.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,676,370 shares of the company's stock after acquiring an additional 900,400 shares during the quarter. Renaissance Technologies LLC owned approximately 2.19% of Taseko Mines worth $12,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in TGB. Tidal Investments LLC raised its stake in shares of Taseko Mines by 82.3% in the third quarter. Tidal Investments LLC now owns 13,693,081 shares of the company's stock worth $34,507,000 after purchasing an additional 6,182,981 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Taseko Mines by 52.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,301,466 shares of the company's stock worth $18,095,000 after buying an additional 3,217,385 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Taseko Mines during the fourth quarter valued at about $1,070,000. Russell Investments Group Ltd. lifted its stake in shares of Taseko Mines by 52.5% during the 4th quarter. Russell Investments Group Ltd. now owns 1,280,126 shares of the company's stock valued at $2,483,000 after buying an additional 440,854 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Taseko Mines by 16.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,802,466 shares of the company's stock worth $5,449,000 after acquiring an additional 396,883 shares in the last quarter. 17.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Taseko Mines from a "sell" rating to a "hold" rating in a research report on Friday, April 11th.

Taseko Mines Price Performance

Shares of Taseko Mines stock traded down $0.08 during trading on Monday, hitting $2.05. 2,216,532 shares of the stock traded hands, compared to its average volume of 5,360,580. The stock has a market cap of $635.23 million, a price-to-earnings ratio of -68.17 and a beta of 1.48. The firm's fifty day moving average is $2.15 and its 200-day moving average is $2.13. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48. Taseko Mines Limited has a 52 week low of $1.67 and a 52 week high of $3.15.

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.