Taseko Mines Limited (NYSE:TGB) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in Taseko Mines Limited (NYSE:TGB) by 4.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 145,023 shares of the company’s stock after purchasing an additional 5,928 shares during the quarter. Geode Capital Management LLC’s holdings in Taseko Mines were worth $282,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Taseko Mines in the fourth quarter valued at approximately $1,070,000. American Century Companies Inc. lifted its stake in shares of Taseko Mines by 16.8% in the 4th quarter. American Century Companies Inc. now owns 822,551 shares of the company’s stock valued at $1,602,000 after purchasing an additional 118,597 shares during the last quarter. LPL Financial LLC purchased a new position in shares of Taseko Mines during the 4th quarter worth $70,000. Virtu Financial LLC acquired a new stake in shares of Taseko Mines during the 4th quarter worth about $96,000. Finally, Barclays PLC raised its holdings in Taseko Mines by 353.3% in the 3rd quarter. Barclays PLC now owns 79,323 shares of the company’s stock valued at $200,000 after buying an additional 61,823 shares during the period. 17.94% of the stock is currently owned by hedge funds and other institutional investors.

Taseko Mines Price Performance

TGB stock opened at $1.96 on Friday. The business’s fifty day moving average price is $2.16 and its 200 day moving average price is $2.11. Taseko Mines Limited has a 12-month low of $1.67 and a 12-month high of $3.15. 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 company has a market capitalization of $619.12 million, a PE ratio of -65.33 and a beta of 1.48.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Taseko Mines from a “hold” rating to a “sell” rating in a research note on Wednesday, April 23rd.

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.