Cubist Systematic Strategies LLC Takes Position in Taseko Mines Limited (NYSE:TGB)

Cubist Systematic Strategies LLC acquired a new stake in shares of Taseko Mines Limited (NYSE:TGB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 41,125 shares of the company’s stock, valued at approximately $80,000.

Other hedge funds have also recently modified their holdings of the company. Abacus Wealth Partners LLC bought a new stake in shares of Taseko Mines during the 4th quarter valued at $29,000. BIP Wealth LLC bought a new position in Taseko Mines in the 4th quarter worth $30,000. Cadence Bank bought a new position in Taseko Mines in the 4th quarter worth $32,000. Lido Advisors LLC bought a new position in Taseko Mines in the 4th quarter worth $37,000. Finally, Oxford Asset Management LLP bought a new position in Taseko Mines in the 4th quarter worth $45,000. Institutional investors own 17.94% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Taseko Mines from a “hold” rating to a “sell” rating in a report on Tuesday, May 13th.

Taseko Mines Trading Up 0.5%

Shares of Taseko Mines stock opened at $2.02 on Tuesday. The company has a market capitalization of $638.07 million, a P/E ratio of -67.33 and a beta of 1.41. 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 company has a fifty day moving average of $2.14 and a 200 day moving average of $2.09. Taseko Mines Limited has a fifty-two week low of $1.67 and a fifty-two week high of $3.15.

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.