Cambridge Investment Research Advisors Inc. Buys 52,000 Shares of Taseko Mines Limited (NYSE:TGB)

Cambridge Investment Research Advisors Inc. raised its stake in shares of Taseko Mines Limited (NYSE:TGB) by 186.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,957 shares of the company’s stock after acquiring an additional 52,000 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Taseko Mines were worth $179,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Two Sigma Investments LP boosted its position in shares of Taseko Mines by 6.3% in the 4th quarter. Two Sigma Investments LP now owns 998,760 shares of the company’s stock worth $1,938,000 after purchasing an additional 59,537 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Taseko Mines by 57.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,468,029 shares of the company’s stock worth $2,848,000 after acquiring an additional 534,272 shares during the period. Dynamic Advisor Solutions LLC acquired a new stake in Taseko Mines during the 1st quarter worth about $258,000. Millennium Management LLC lifted its position in Taseko Mines by 105.0% during the 4th quarter. Millennium Management LLC now owns 1,174,453 shares of the company’s stock worth $2,279,000 after acquiring an additional 601,684 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Taseko Mines during the 4th quarter worth about $1,070,000. Institutional investors own 17.94% of the company’s stock.

Taseko Mines Price Performance

Shares of Taseko Mines stock opened at $3.54 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48. Taseko Mines Limited has a twelve month low of $1.67 and a twelve month high of $3.68. The business has a 50-day moving average price of $2.68 and a 200 day moving average price of $2.30. The firm has a market cap of $1.12 billion, a PE ratio of -118.00 and a beta of 1.42.

Analyst Ratings Changes

Separately, Wall Street Zen cut Taseko Mines from a “hold” rating to a “sell” rating in a research report on Tuesday, May 13th.

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.