Acuitas Investments LLC Grows Stock Holdings in Taseko Mines Limited (NYSE:TGB)

Acuitas Investments LLC increased its position in shares of Taseko Mines Limited (NYSE:TGB) by 36.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,141,258 shares of the company’s stock after buying an additional 566,414 shares during the quarter. Taseko Mines comprises approximately 1.5% of Acuitas Investments LLC’s portfolio, making the stock its 21st largest position. Acuitas Investments LLC’s holdings in Taseko Mines were worth $2,998,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Aigen Investment Management LP purchased a new stake in shares of Taseko Mines during the 3rd quarter valued at approximately $28,000. Cahaba Wealth Management Inc. raised its position in shares of Taseko Mines by 38.2% during the 4th quarter. Cahaba Wealth Management Inc. now owns 36,134 shares of the company’s stock valued at $51,000 after buying an additional 9,980 shares during the period. Barclays PLC raised its position in shares of Taseko Mines by 973.5% during the 2nd quarter. Barclays PLC now owns 60,117 shares of the company’s stock valued at $86,000 after buying an additional 54,517 shares during the period. Mackenzie Financial Corp purchased a new stake in shares of Taseko Mines during the 4th quarter valued at approximately $102,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Taseko Mines by 6.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,225,411 shares of the company’s stock valued at $7,906,000 after buying an additional 394,376 shares during the period. Hedge funds and other institutional investors own 17.94% of the company’s stock.

Analysts Set New Price Targets

TGB has been the topic of a number of research analyst reports. TD Securities boosted their target price on Taseko Mines from $3.25 to $3.50 and gave the company a “buy” rating in a research report on Tuesday, March 26th. Stifel Nicolaus initiated coverage on Taseko Mines in a research report on Tuesday, March 26th. They issued a “buy” rating on the stock. Finally, TheStreet raised Taseko Mines from a “d” rating to a “c” rating in a research report on Thursday, March 14th.

Taseko Mines Trading Down 0.4 %

NYSE TGB traded down $0.01 on Wednesday, reaching $2.35. The stock had a trading volume of 1,160,517 shares, compared to its average volume of 2,058,234. The firm has a market capitalization of $683.17 million, a price-to-earnings ratio of 11.75 and a beta of 1.99. The company has a quick ratio of 0.90, a current ratio of 1.77 and a debt-to-equity ratio of 1.41. Taseko Mines Limited has a 12-month low of $1.05 and a 12-month high of $2.61. The stock has a fifty day moving average price of $1.99 and a two-hundred day moving average price of $1.54.

Taseko Mines (NYSE:TGB) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $112.90 million during the quarter. Taseko Mines had a return on equity of 11.54% and a net margin of 15.66%. As a group, sell-side analysts forecast that Taseko Mines Limited will post 0.16 EPS for the current fiscal year.

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.