Barclays PLC Purchases 61,823 Shares of Taseko Mines Limited (NYSE:TGB)

Barclays PLC raised its position in Taseko Mines Limited (NYSE:TGB) by 353.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 79,323 shares of the company’s stock after acquiring an additional 61,823 shares during the period. Barclays PLC’s holdings in Taseko Mines were worth $200,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Quantinno Capital Management LP bought a new stake in shares of Taseko Mines in the third quarter worth $38,000. SG Americas Securities LLC bought a new stake in Taseko Mines during the 3rd quarter worth about $38,000. Ballentine Partners LLC acquired a new position in shares of Taseko Mines during the 3rd quarter worth about $42,000. Capstone Investment Advisors LLC bought a new position in shares of Taseko Mines in the 3rd quarter valued at about $56,000. Finally, Signaturefd LLC boosted its position in Taseko Mines by 21.9% during the third quarter. Signaturefd LLC now owns 46,808 shares of the company’s stock valued at $118,000 after purchasing an additional 8,397 shares during the last quarter. Institutional investors and hedge funds own 17.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TGB shares. National Bank Financial upgraded Taseko Mines from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 10th. StockNews.com upgraded shares of Taseko Mines from a “sell” rating to a “hold” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $3.50.

Taseko Mines Stock Up 2.5 %

TGB opened at $2.05 on Tuesday. The stock’s fifty day simple moving average is $2.08 and its 200 day simple moving average is $2.22. Taseko Mines Limited has a 1-year low of $1.27 and a 1-year high of $3.15. The stock has a market cap of $624.30 million, a PE ratio of 10.79 and a beta of 1.72. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48.

Taseko Mines (NYSE:TGB) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). Taseko Mines had a net margin of 12.69% and a return on equity of 15.25%. The business had revenue of $114.08 million for the quarter, compared to analyst estimates of $112.48 million. As a group, research analysts expect that Taseko Mines Limited will post 0.14 earnings per share for the current year.

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.