CenterBook Partners LP Buys New Shares in Taseko Mines Limited $TGB

CenterBook Partners LP purchased a new stake in shares of Taseko Mines Limited (NYSEAMERICAN:TGB) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 83,955 shares of the company’s stock, valued at approximately $748,000.

Other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC increased its position in Taseko Mines by 4.9% during the first quarter. Renaissance Technologies LLC now owns 5,682,070 shares of the company’s stock valued at $36,649,000 after acquiring an additional 267,640 shares during the last quarter. Bank of America Corp DE raised its position in Taseko Mines by 215.3% in the 1st quarter. Bank of America Corp DE now owns 4,577,781 shares of the company’s stock worth $29,527,000 after purchasing an additional 3,125,829 shares during the period. Walleye Capital LLC purchased a new stake in Taseko Mines in the 1st quarter worth about $12,740,000. Royal Bank of Canada raised its position in Taseko Mines by 1,009.9% in the 1st quarter. Royal Bank of Canada now owns 1,512,151 shares of the company’s stock worth $9,753,000 after purchasing an additional 1,375,912 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Taseko Mines in the first quarter worth about $7,198,000. 17.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group began coverage on Taseko Mines in a research report on Thursday, August 20th. They set a “buy” rating for the company. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.00.

Taseko Mines Stock Down 2.9%

NYSEAMERICAN:TGB opened at $7.27 on Wednesday. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 48.47 and a beta of 1.44. Taseko Mines Limited has a twelve month low of $3.93 and a twelve month high of $9.82. The company has a current ratio of 1.39, a quick ratio of 0.85 and a debt-to-equity ratio of 0.81. The stock has a fifty day simple moving average of $8.21 and a 200-day simple moving average of $7.64.

Taseko Mines (NYSEAMERICAN:TGB) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $244.56 million for the quarter. Taseko Mines had a net margin of 6.68% and a return on equity of 19.60%. Analysts anticipate that Taseko Mines Limited will post 0.34 EPS for the current year.

Taseko Mines Company Profile

Taseko Mines Limited is a Canadian mining company focused on producing and developing copper. It operates the Gibraltar Mine in British Columbia, where it produces copper and molybdenum concentrates. Taseko owns a 75% interest in the mine. The company is also developing the Florence Copper project in Arizona, which is designed to use in-situ recovery to extract copper. Its other development interests include the New Prosperity project in British Columbia. With operations and projects in Canada and the United States, Taseko’s business centers on copper mining and advancing projects intended to expand its production over time.