Barclays PLC Has $200,000 Stock Position in Taseko Mines Limited (NYSE:TGB)

Barclays PLC lifted its position in shares of Taseko Mines Limited (NYSE:TGB) by 353.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 79,323 shares of the company’s stock after buying an additional 61,823 shares during the quarter. Barclays PLC’s holdings in Taseko Mines were worth $200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ClariVest Asset Management LLC bought a new position in shares of Taseko Mines in the second quarter worth $1,192,000. American Century Companies Inc. increased its position in shares of Taseko Mines by 752.2% in the second quarter. American Century Companies Inc. now owns 703,954 shares of the company’s stock worth $1,734,000 after purchasing an additional 621,352 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Taseko Mines by 87.9% in the second quarter. Dimensional Fund Advisors LP now owns 491,388 shares of the company’s stock worth $1,204,000 after purchasing an additional 229,849 shares during the period. Renaissance Technologies LLC increased its position in shares of Taseko Mines by 14.7% in the second 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 during the period. Finally, XTX Topco Ltd increased its position in shares of Taseko Mines by 990.3% in the second quarter. XTX Topco Ltd now owns 164,510 shares of the company’s stock worth $403,000 after purchasing an additional 149,421 shares during the period. Institutional investors and hedge funds own 17.94% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. StockNews.com upgraded Taseko Mines from a “sell” rating to a “hold” rating in a research report on Wednesday, December 11th. National Bank Financial upgraded Taseko Mines from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Taseko Mines presently has a consensus rating of “Buy” and an average price target of $3.50.

Taseko Mines Stock Performance

Taseko Mines stock opened at $2.05 on Tuesday. Taseko Mines Limited has a 12-month low of $1.27 and a 12-month high of $3.15. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48. The business’s 50-day moving average price is $2.08 and its two-hundred day moving average price is $2.22. The stock has a market cap of $624.30 million, a PE ratio of 10.79 and a beta of 1.72.

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