BlackRock Fund Advisors has recently announced that it has increased stake in Taseko Mines Limited (AMEX:TGB) by 13.00%. After grabbing 7.7 million shares, the institutional investor is now in possession of 0.89 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 2.69% having worth around $13.17 million. Moreover, Global X Management Co. LLC increased its share by 0.68 million to have a control over 6.55 million shares. And Konwave AG raised its holdings to 1.52 million shares by acquiring 2.15 million shares or 0.75% of the stake.
Taseko Mines Limited (TGB) concluded trading on 03/15/23 at a closing price of $1.48, with 2.24 million shares of worth about $3.31 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.37% during that period and on Wednesday the price saw a loss of about -5.73%. Currently the company’s common shares owned by public are about 286.44M shares, out of which, 277.06M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 21 times over the past 12 months. They bought 802,158 shares in 13 of the transactions. In 8 selling transactions, insiders dumped 971,400 shares.
iShares Tr. – US Infrastructure E, Global X Copper Miners ETF, and Diamond Hill Small Cap Fund are the top 3 mutual funds which are holding stakes in Taseko Mines Limited iShares Tr. – US Infrastructure E is currently holding 7.82 million shares of worth totaling $13.38 million. The company recently came buying 0.0 shares which brought its stake up to 2.73% of the company’s outstanding shares. Diamond Hill Small Cap Fund, after buying 4.73 million shares, have now control over 1.65% of the stake in the company. It holds 0.0 shares of worth $8.1 million.
Taseko Mines Limited (AMEX: TGB) started trading at $1.52, below -$0.05 from concluding price of the previous day. However, the stock later moved at a day high price of 1.5200, or with a loss of -5.73%. Stock saw a price change of -7.50% in past 5 days and over the past one month there was a price change of -11.38%. Year-to-date (YTD), TGB shares are showing a performance of 0.68% which decreased to -24.10% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.89 but also hit the highest price of $2.41 during that period. The average intraday trading volume for Taseko Mines Limited shares is 1.42 million. The stock is currently trading -9.54% below its 20-day simple moving average (SMA20), while that difference is down -12.04% for SMA50 and it goes to 11.37% higher than SMA200.
BlackRock Fund Advisors acquired 7.7 million shares of Taseko Mines Limited having value of about $13.17 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.89 million shares in the company valued at close to $1311428.0, or have control over 13.00% stake in the company. Taseko Mines Limited (AMEX: TGB) currently have 286.44M outstanding shares and institutions hold larger chunk of about 22.50% of that. Holding of mutual funds in the company is about 11.14% while other institutional holders and individual stake holders have control over 6.48% and — of the stake respectively.
The stock has a current market capitalization of $432.06M and its 3Y-monthly beta is at 1.97. It has posted earnings per share of -$0.07 in the same period. It has Quick Ratio of 1.30 while making debt-to-equity ratio of 1.65. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TGB, volatility over the week remained 6.49% while standing at 5.60% over the month.
Analysts are in expectations that Taseko Mines Limited (TGB) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter EPS is $0.04 and it is $0.04 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -171.50% while it is estimated to increase by 137.21% in next year.
Stock get a Hold rating from TD Securities on July 22, 2019.
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