Taseko Mines Limited (NYSE:TGB) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lowered its position in shares of Taseko Mines Limited (NYSE:TGB) by 8.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,205,255 shares of the company’s stock after selling 195,157 shares during the quarter. Mackenzie Financial Corp owned about 0.75% of Taseko Mines worth $5,433,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Keystone Wealth Services LLC acquired a new stake in shares of Taseko Mines during the 2nd quarter valued at approximately $37,000. Cubist Systematic Strategies LLC raised its holdings in shares of Taseko Mines by 58.6% during the second quarter. Cubist Systematic Strategies LLC now owns 97,497 shares of the company’s stock worth $239,000 after purchasing an additional 36,010 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in shares of Taseko Mines by 1,135.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 142,436 shares of the company’s stock worth $306,000 after buying an additional 130,905 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Taseko Mines in the 1st quarter valued at about $307,000. Finally, Herr Investment Group LLC bought a new stake in shares of Taseko Mines during the 1st quarter valued at about $326,000. Institutional investors own 17.94% of the company’s stock.

Taseko Mines Stock Performance

TGB stock opened at $2.59 on Wednesday. The stock’s fifty day moving average is $2.17 and its two-hundred day moving average is $2.36. The stock has a market capitalization of $758.21 million, a price-to-earnings ratio of 10.77 and a beta of 1.74. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.34 and a current ratio of 2.09. Taseko Mines Limited has a 1 year low of $1.05 and a 1 year high of $3.15.

Taseko Mines (NYSE:TGB) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.10. Taseko Mines had a net margin of 13.07% and a return on equity of 18.82%. The firm had revenue of $100.66 million for the quarter, compared to the consensus estimate of $88.01 million. On average, research analysts predict that Taseko Mines Limited will post 0.18 EPS for the current year.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald upgraded Taseko Mines to a “strong-buy” rating in a research note on Thursday, June 13th. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $3.50.

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.