Public Employees Retirement System of Ohio Invests $223,000 in Taseko Mines Limited (NYSE:TGB)

Public Employees Retirement System of Ohio bought a new position in Taseko Mines Limited (NYSE:TGB) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 87,789 shares of the company’s stock, valued at approximately $223,000.

Other institutional investors have also recently bought and sold shares of the company. ClariVest Asset Management LLC bought a new stake in shares of Taseko Mines in the 2nd quarter valued at approximately $1,192,000. American Century Companies Inc. grew its position in Taseko Mines by 752.2% in the second quarter. American Century Companies Inc. now owns 703,954 shares of the company’s stock valued at $1,734,000 after acquiring an additional 621,352 shares during the period. Dimensional Fund Advisors LP grew its position 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 acquiring an additional 229,849 shares during the period. Renaissance Technologies LLC raised its stake in Taseko Mines by 14.7% during the second quarter. Renaissance Technologies LLC now owns 5,904,270 shares of the company’s stock worth $14,465,000 after acquiring an additional 755,192 shares in the last quarter. Finally, XTX Topco Ltd lifted its holdings in shares of Taseko Mines by 990.3% during the second quarter. XTX Topco Ltd now owns 164,510 shares of the company’s stock valued at $403,000 after acquiring an additional 149,421 shares during the period. Institutional investors and hedge funds own 17.94% of the company’s stock.

Taseko Mines Stock Performance

Shares of NYSE:TGB opened at $1.98 on Friday. The business has a fifty day moving average of $2.16 and a 200-day moving average of $2.26. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.05 and a current ratio of 1.71. Taseko Mines Limited has a twelve month low of $1.27 and a twelve month high of $3.15. The firm has a market cap of $602.96 million, a PE ratio of 10.42 and a beta of 1.72.

Taseko Mines (NYSE:TGB) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share 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 company had revenue of $114.08 million during the quarter, compared to analyst estimates of $112.48 million. On average, equities research analysts predict that Taseko Mines Limited will post 0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TGB shares. National Bank Financial upgraded shares of Taseko Mines from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 10th. StockNews.com raised shares of Taseko Mines from a “sell” rating to a “hold” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Taseko Mines 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.