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

Cubist Systematic Strategies LLC grew its holdings in shares of Taseko Mines Limited (NYSE:TGB) by 58.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,497 shares of the company’s stock after purchasing an additional 36,010 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Taseko Mines were worth $239,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. American Century Companies Inc. increased its holdings in Taseko Mines by 752.2% during the second quarter. American Century Companies Inc. now owns 703,954 shares of the company’s stock worth $1,734,000 after buying an additional 621,352 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Taseko Mines by 14.7% during the 2nd quarter. Renaissance Technologies LLC now owns 5,904,270 shares of the company’s stock worth $14,465,000 after purchasing an additional 755,192 shares during the last quarter. ClariVest Asset Management LLC bought a new stake in shares of Taseko Mines in the 2nd quarter worth approximately $1,192,000. Dimensional Fund Advisors LP lifted its stake in Taseko Mines by 87.9% in the second quarter. Dimensional Fund Advisors LP now owns 491,388 shares of the company’s stock valued at $1,204,000 after purchasing an additional 229,849 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Taseko Mines during the second quarter valued at $157,000. 17.94% of the stock is currently owned by institutional investors.

Taseko Mines Stock Performance

NYSE:TGB opened at $2.45 on Tuesday. Taseko Mines Limited has a 1 year low of $1.05 and a 1 year high of $3.15. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.09 and a quick ratio of 1.34. The business has a fifty day simple moving average of $2.25 and a two-hundred day simple moving average of $2.39. The company has a market capitalization of $716.33 million, a P/E ratio of 10.21 and a beta of 1.74.

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

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.