Vanguard Personalized Indexing Management LLC Raises Stake in Taseko Mines Limited (NYSE:TGB)

Vanguard Personalized Indexing Management LLC lifted its position in Taseko Mines Limited (NYSE:TGB) by 10.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,814 shares of the company’s stock after purchasing an additional 9,523 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Taseko Mines were worth $174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Centaurus Financial Inc. purchased a new stake in Taseko Mines in the 1st quarter worth $41,000. Virtu Financial LLC purchased a new position in shares of Taseko Mines in the second quarter worth $38,000. Mariner LLC grew its stake in Taseko Mines by 41.6% during the fourth quarter. Mariner LLC now owns 22,743 shares of the company’s stock valued at $33,000 after acquiring an additional 6,677 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in Taseko Mines in the 4th quarter valued at $32,000. Finally, LPL Financial LLC lifted its stake in Taseko Mines by 57.1% in the 2nd quarter. LPL Financial LLC now owns 28,761 shares of the company’s stock worth $31,000 after purchasing an additional 10,450 shares in the last quarter. 16.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TGB shares. Stifel Nicolaus lowered their target price on Taseko Mines from C$3.80 to C$3.60 in a research report on Monday, July 10th. Scotiabank dropped their target price on Taseko Mines from C$2.25 to C$2.00 in a research report on Wednesday, August 9th. Finally, StockNews.com started coverage on Taseko Mines in a report on Saturday, August 19th. They issued a “hold” rating on the stock.

Taseko Mines Price Performance

NYSE:TGB opened at $1.43 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.75 and a debt-to-equity ratio of 1.59. Taseko Mines Limited has a 1-year low of $0.91 and a 1-year high of $1.90. The business has a 50-day simple moving average of $1.51. The stock has a market capitalization of $412.78 million, a price-to-earnings ratio of -35.75 and a beta of 2.01.

Taseko Mines (NYSE:TGB) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Taseko Mines had a positive return on equity of 3.40% and a negative net margin of 2.88%. The business had revenue of $83.33 million during the quarter, compared to the consensus estimate of $89.25 million. Sell-side analysts anticipate that Taseko Mines Limited will post 0.06 EPS for the current fiscal year.

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 holds 75% interest in the Gibraltar mine located in British Columbia. It also holds 100% interest in 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.