Taseko Mines Limited (NYSE:TGB) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its position in Taseko Mines Limited (NYSE:TGB) by 752.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 703,954 shares of the company’s stock after purchasing an additional 621,352 shares during the quarter. American Century Companies Inc.’s holdings in Taseko Mines were worth $1,734,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TGB. Keystone Wealth Services LLC bought a new stake in shares of Taseko Mines during the 2nd quarter worth about $37,000. CANADA LIFE ASSURANCE Co raised its holdings in Taseko Mines by 1,135.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 142,436 shares of the company’s stock worth $306,000 after purchasing an additional 130,905 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Taseko Mines in the first quarter worth approximately $307,000. Herr Investment Group LLC bought a new position in Taseko Mines during the 1st quarter valued at $326,000. Finally, ClariVest Asset Management LLC acquired a new position in shares of Taseko Mines during the 2nd quarter valued at $1,192,000. 17.94% of the stock is currently owned by institutional investors and hedge funds.

Taseko Mines Stock Down 1.1 %

TGB stock opened at $2.60 on Monday. The firm has a market cap of $760.19 million, a PE ratio of 10.83 and a beta of 1.74. Taseko Mines Limited has a 12 month low of $1.05 and a 12 month 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 firm has a 50 day simple moving average of $2.16 and a 200 day simple moving average of $2.35.

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

Analysts Set New Price Targets

Separately, Cantor Fitzgerald upgraded Taseko Mines to a “strong-buy” rating in a report 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 company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $3.50.

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.