Public Employees Retirement System of Ohio Sells 6,066 Shares of Taseko Mines Limited $TGB

Public Employees Retirement System of Ohio cut its holdings in Taseko Mines Limited (NYSE:TGB) by 5.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,813 shares of the company’s stock after selling 6,066 shares during the period. Public Employees Retirement System of Ohio’s holdings in Taseko Mines were worth $315,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. L1 Capital Pty Ltd bought a new position in shares of Taseko Mines in the 1st quarter worth about $28,243,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Taseko Mines by 21.7% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,319,863 shares of the company’s stock valued at $25,333,000 after buying an additional 2,018,397 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Taseko Mines by 2.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,022,109 shares of the company’s stock valued at $24,789,000 after buying an additional 296,508 shares in the last quarter. TD Asset Management Inc increased its position in Taseko Mines by 22.2% in the 1st quarter. TD Asset Management Inc now owns 4,003,547 shares of the company’s stock valued at $8,957,000 after buying an additional 728,241 shares in the last quarter. Finally, CenterBook Partners LP increased its position in Taseko Mines by 16.1% in the 1st quarter. CenterBook Partners LP now owns 2,838,038 shares of the company’s stock valued at $6,357,000 after buying an additional 393,665 shares in the last quarter. 17.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TGB has been the subject of a number of research analyst reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Taseko Mines in a research report on Friday, August 8th. TD Securities lowered Taseko Mines from a “strong-buy” rating to a “hold” rating and boosted their target price for the company from $3.50 to $5.00 in a research report on Wednesday, July 16th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Taseko Mines has a consensus rating of “Moderate Buy” and a consensus target price of $5.00.

Taseko Mines Price Performance

TGB stock opened at $4.11 on Tuesday. The company has a market capitalization of $1.30 billion, a P/E ratio of -137.00 and a beta of 1.28. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.05 and a current ratio of 1.71. Taseko Mines Limited has a 52-week low of $1.67 and a 52-week high of $4.32. The business has a 50-day simple moving average of $3.46 and a two-hundred day simple moving average of $2.88.

Taseko Mines Company 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.