21,880 Shares in Taseko Mines Limited (NYSE:TGB) Acquired by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC purchased a new stake in Taseko Mines Limited (NYSE:TGB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 21,880 shares of the company’s stock, valued at approximately $56,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. American Century Companies Inc. boosted its stake in Taseko Mines by 752.2% during the second quarter. American Century Companies Inc. now owns 703,954 shares of the company’s stock worth $1,734,000 after acquiring an additional 621,352 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Taseko Mines by 87.9% during the second quarter. Dimensional Fund Advisors LP now owns 491,388 shares of the company’s stock valued at $1,204,000 after purchasing an additional 229,849 shares during the period. Renaissance Technologies LLC boosted its position in shares of Taseko Mines by 14.7% during the 2nd quarter. Renaissance Technologies LLC now owns 5,904,270 shares of the company’s stock worth $14,465,000 after purchasing an additional 755,192 shares in the last quarter. ClariVest Asset Management LLC acquired a new stake in shares of Taseko Mines in the 2nd quarter valued at about $1,192,000. Finally, Dakota Wealth Management increased its position in Taseko Mines by 1.5% in the 3rd quarter. Dakota Wealth Management now owns 457,939 shares of the company’s stock valued at $1,154,000 after buying an additional 6,973 shares in the last quarter. 17.94% of the stock is currently owned by institutional investors.

Taseko Mines Trading Up 3.0 %

NYSE:TGB opened at $2.06 on Monday. Taseko Mines Limited has a one year low of $1.14 and a one year high of $3.15. The company has a market cap of $627.32 million, a PE ratio of 10.84 and a beta of 1.77. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05. The firm has a 50-day moving average of $2.31 and a 200-day moving average of $2.34.

Taseko Mines (NYSE:TGB) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company had revenue of $114.08 million during the quarter, compared to analysts’ expectations of $112.48 million. Taseko Mines had a return on equity of 15.25% and a net margin of 12.69%. As a group, equities research analysts expect that Taseko Mines Limited will post 0.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Taseko Mines from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3.50.

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.