Quantinno Capital Management LP Invests $38,000 in Taseko Mines Limited (NYSE:TGB)

Quantinno Capital Management LP acquired a new stake in Taseko Mines Limited (NYSE:TGB) during the third quarter, according to its most recent filing with the SEC. The firm acquired 14,896 shares of the company’s stock, valued at approximately $38,000.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Taseko Mines in the 3rd quarter worth $38,000. Ballentine Partners LLC acquired a new stake in Taseko Mines in the third quarter valued at about $42,000. Capstone Investment Advisors LLC purchased a new stake in Taseko Mines in the 3rd quarter valued at approximately $56,000. Signaturefd LLC increased its position in Taseko Mines by 21.9% during the 3rd quarter. Signaturefd LLC now owns 46,808 shares of the company’s stock worth $118,000 after purchasing an additional 8,397 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Taseko Mines during the 3rd quarter worth approximately $128,000. 17.94% of the stock is owned by institutional investors and hedge funds.

Taseko Mines Price Performance

TGB stock opened at $2.03 on Wednesday. The company has a market cap of $616.65 million, a price-to-earnings ratio of 10.66 and a beta of 1.72. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48. The firm has a 50 day moving average of $2.20 and a 200-day moving average of $2.27. Taseko Mines Limited has a 12-month low of $1.27 and a 12-month high of $3.15.

Taseko Mines (NYSE:TGB) last posted its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). Taseko Mines had a net margin of 12.69% and a return on equity of 15.25%. The firm had revenue of $114.08 million during the quarter, compared to analyst estimates of $112.48 million. As a group, equities analysts expect that Taseko Mines Limited will post 0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TGB. StockNews.com upgraded Taseko Mines from a “sell” rating to a “hold” rating in a research note on Wednesday, December 11th. National Bank Financial raised Taseko Mines from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Taseko Mines has a consensus rating of “Buy” and a consensus price target of $3.50.

About Taseko Mines

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.