Mackenzie Financial Corp Sells 195,157 Shares of Taseko Mines Limited (NYSE:TGB)

Mackenzie Financial Corp decreased its holdings in Taseko Mines Limited (NYSE:TGB - Free Report) by 8.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,205,255 shares of the company's stock after selling 195,157 shares during the period. Mackenzie Financial Corp owned about 0.75% of Taseko Mines worth $5,433,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TGB. Quantbot Technologies LP acquired a new position in shares of Taseko Mines in the 1st quarter valued at about $307,000. CANADA LIFE ASSURANCE Co increased its holdings in Taseko Mines by 1,135.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 142,436 shares of the company's stock worth $306,000 after buying an additional 130,905 shares during the last quarter. Herr Investment Group LLC bought a new position in Taseko Mines during the first quarter valued at approximately $326,000. Tidal Investments LLC bought a new position in Taseko Mines during the first quarter valued at approximately $3,508,000. Finally, Keystone Wealth Services LLC acquired a new stake in Taseko Mines in the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 17.94% of the company's stock.

Taseko Mines Stock Up 1.2 %

NYSE:TGB traded up $0.03 during trading hours on Wednesday, reaching $2.61. The company's stock had a trading volume of 2,278,291 shares, compared to its average volume of 2,742,438. The company has a market cap of $765.54 million, a price-to-earnings ratio of 10.88 and a beta of 1.74. Taseko Mines Limited has a one year low of $1.05 and a one year high of $3.15. The business's 50-day moving average is $2.17 and its 200-day moving average is $2.36. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.09 and a quick ratio of 1.34.

Taseko Mines (NYSE:TGB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.10. Taseko Mines had a net margin of 13.07% and a return on equity of 18.82%. The firm had revenue of $100.66 million during the quarter, compared to analysts' expectations of $88.01 million. Equities research analysts predict that Taseko Mines Limited will post 0.18 EPS for the current year.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald upgraded shares of Taseko Mines to a "strong-buy" rating in a report on Thursday, June 13th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target 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.