Diamond Hill Capital Management Inc. Sells 1,492,230 Shares of Taseko Mines Limited (NYSE:TGB)

Diamond Hill Capital Management Inc. lessened its holdings in Taseko Mines Limited (NYSE:TGB - Free Report) by 45.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,812,797 shares of the company's stock after selling 1,492,230 shares during the period. Diamond Hill Capital Management Inc. owned about 0.60% of Taseko Mines worth $3,517,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TGB. Bank of Montreal Can boosted its position in Taseko Mines by 296.8% during the third quarter. Bank of Montreal Can now owns 3,160,574 shares of the company's stock valued at $8,225,000 after purchasing an additional 2,364,116 shares during the last quarter. Barclays PLC boosted its position in Taseko Mines by 353.3% during the third quarter. Barclays PLC now owns 79,323 shares of the company's stock valued at $200,000 after purchasing an additional 61,823 shares during the last quarter. Aigen Investment Management LP acquired a new stake in Taseko Mines during the third quarter valued at $199,000. Centiva Capital LP boosted its position in Taseko Mines by 125.9% during the third quarter. Centiva Capital LP now owns 196,072 shares of the company's stock valued at $494,000 after purchasing an additional 109,284 shares during the last quarter. Finally, Anthracite Investment Company Inc. boosted its position in Taseko Mines by 6.5% during the third quarter. Anthracite Investment Company Inc. now owns 1,579,460 shares of the company's stock valued at $3,980,000 after purchasing an additional 96,000 shares during the last quarter. Institutional investors and hedge funds own 17.94% of the company's stock.

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Taseko Mines Stock Performance

Shares of Taseko Mines stock traded up $0.06 during trading on Wednesday, reaching $2.45. The company's stock had a trading volume of 9,898,901 shares, compared to its average volume of 4,261,023. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.05 and a current ratio of 1.71. The business's fifty day moving average price is $2.08 and its 200-day moving average price is $2.15. The firm has a market cap of $760.75 million, a price-to-earnings ratio of -81.67 and a beta of 1.61. Taseko Mines Limited has a one year low of $1.77 and a one year high of $3.15.

Analysts Set New Price Targets

TGB has been the subject of a number of research reports. National Bank Financial raised Taseko Mines from a "sector perform" rating to an "outperform" rating in a research report on Tuesday, December 10th. StockNews.com cut Taseko Mines from a "hold" rating to a "sell" rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.