Dimensional Fund Advisors LP Purchases 534,272 Shares of Taseko Mines Limited (NYSE:TGB)

Dimensional Fund Advisors LP lifted its stake in Taseko Mines Limited (NYSE:TGB) by 57.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,468,029 shares of the company’s stock after buying an additional 534,272 shares during the period. Dimensional Fund Advisors LP’s holdings in Taseko Mines were worth $2,848,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Taseko Mines by 52.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,301,466 shares of the company’s stock valued at $18,095,000 after buying an additional 3,217,385 shares during the period. Renaissance Technologies LLC raised its position in Taseko Mines by 15.6% during the fourth quarter. Renaissance Technologies LLC now owns 6,676,370 shares of the company’s stock valued at $12,952,000 after purchasing an additional 900,400 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Taseko Mines by 16.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,802,466 shares of the company’s stock valued at $5,449,000 after purchasing an additional 396,883 shares in the last quarter. Anthracite Investment Company Inc. raised its position in Taseko Mines by 5.1% during the fourth quarter. Anthracite Investment Company Inc. now owns 1,659,460 shares of the company’s stock valued at $3,219,000 after purchasing an additional 80,000 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Taseko Mines by 52.5% during the fourth quarter. Russell Investments Group Ltd. now owns 1,280,126 shares of the company’s stock valued at $2,483,000 after purchasing an additional 440,854 shares in the last quarter. 17.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Taseko Mines from a “hold” rating to a “sell” rating in a research report on Tuesday.

Taseko Mines Stock Down 1.4%

Shares of NYSE:TGB opened at $2.07 on Wednesday. The company has a fifty day moving average of $2.15 and a 200-day moving average of $2.10. The company has a market capitalization of $653.86 million, a PE ratio of -69.00 and a beta of 1.41. 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 52-week low of $1.67 and a 52-week high of $3.15.

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.