Taseko Mines Limited (NYSE:TGB) Stock Position Lessened by Boston Partners

Boston Partners trimmed its holdings in shares of Taseko Mines Limited (NYSE:TGB) by 13.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 606,199 shares of the company’s stock after selling 96,746 shares during the quarter. Boston Partners’ holdings in Taseko Mines were worth $1,176,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of TGB. Quantinno Capital Management LP bought a new stake in shares of Taseko Mines during the 3rd quarter worth about $38,000. Abacus Wealth Partners LLC bought a new stake in Taseko Mines during the fourth quarter worth approximately $29,000. Capstone Investment Advisors LLC acquired a new stake in Taseko Mines in the third quarter worth approximately $56,000. Prairiewood Capital LLC bought a new position in Taseko Mines during the 4th quarter valued at $76,000. Finally, Quantbot Technologies LP acquired a new position in shares of Taseko Mines during the 3rd quarter valued at $128,000. 17.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TGB has been the subject of several research analyst reports. National Bank Financial upgraded Taseko Mines from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 10th. StockNews.com downgraded shares of Taseko Mines from a “hold” rating to a “sell” rating in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Taseko Mines currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.50.

Taseko Mines Price Performance

NYSE TGB opened at $2.38 on Friday. The stock has a market capitalization of $739.02 million, a P/E ratio of -79.33 and a beta of 1.61. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.05 and a current ratio of 1.71. The business’s fifty day moving average is $2.10 and its two-hundred day moving average is $2.15. Taseko Mines Limited has a 1 year low of $1.77 and a 1 year 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.