Cibc World Market Inc. Has $1.10 Million Stock Position in Taseko Mines Limited $TGB

Cibc World Market Inc. increased its stake in Taseko Mines Limited (NYSE:TGB) by 59.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 260,518 shares of the company’s stock after purchasing an additional 97,084 shares during the period. Cibc World Market Inc. owned approximately 0.07% of Taseko Mines worth $1,104,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of TGB. Wealth Enhancement Advisory Services LLC acquired a new stake in Taseko Mines during the third quarter worth about $49,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Taseko Mines during the 2nd quarter worth approximately $52,000. Ausdal Financial Partners Inc. acquired a new stake in shares of Taseko Mines during the 2nd quarter worth approximately $52,000. State of Wyoming bought a new position in Taseko Mines in the second quarter valued at approximately $81,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Taseko Mines in the first quarter valued at approximately $65,000. Institutional investors own 17.94% of the company’s stock.

Taseko Mines Price Performance

TGB stock opened at $7.97 on Wednesday. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of -265.67 and a beta of 1.25. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05. The company has a 50 day simple moving average of $6.75 and a 200 day simple moving average of $4.97. Taseko Mines Limited has a 1 year low of $1.67 and a 1 year high of $9.25.

Analyst Ratings Changes

Separately, BMO Capital Markets restated an “outperform” rating on shares of Taseko Mines in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5.00.

Taseko Mines Profile

Taseko Mines Ltd. is a Vancouver‐based mining company primarily engaged in the exploration, development and production of copper‐based projects. Its flagship operation is the Gibraltar copper mine in central British Columbia, which ranks among Canada’s largest open pit copper producers. In addition to copper, Gibraltar yields byproducts such as molybdenum and silver, reflecting Taseko’s focus on base and precious metals.

Beyond Gibraltar, Taseko holds two advanced development assets. The Florence Copper project in Arizona employs an in‐situ recovery process to extract copper, positioning it as one of North America’s first large‐scale applications of this technology.