Taseko Mines Limited $TGB is CM Management LLC’s 2nd Largest Position

CM Management LLC trimmed its position in shares of Taseko Mines Limited (NYSEAMERICAN:TGB) by 8.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,700,000 shares of the company’s stock after selling 150,000 shares during the quarter. Taseko Mines comprises 8.1% of CM Management LLC’s holdings, making the stock its 2nd biggest holding. CM Management LLC’s holdings in Taseko Mines were worth $9,622,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TGB. Dynamic Technology Lab Private Ltd bought a new position in Taseko Mines during the first quarter valued at $65,000. Goldman Sachs Group Inc. grew its holdings in Taseko Mines by 198.9% during the first quarter. Goldman Sachs Group Inc. now owns 988,072 shares of the company’s stock valued at $2,213,000 after purchasing an additional 657,477 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Taseko Mines by 10.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,541,741 shares of the company’s stock valued at $3,454,000 after purchasing an additional 146,154 shares during the period. Focus Partners Wealth grew its holdings in Taseko Mines by 19.9% during the first quarter. Focus Partners Wealth now owns 60,200 shares of the company’s stock valued at $135,000 after purchasing an additional 10,000 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Taseko Mines by 8.0% during the second quarter. Geode Capital Management LLC now owns 179,245 shares of the company’s stock valued at $564,000 after purchasing an additional 13,261 shares during the period. 17.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TGB shares. Canaccord Genuity Group increased their price objective on Taseko Mines from C$13.50 to C$14.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. TD Securities reissued a “buy” rating on shares of Taseko Mines in a report on Monday, February 23rd. BMO Capital Markets reissued an “outperform” rating on shares of Taseko Mines in a report on Wednesday, January 14th. Finally, Zacks Research lowered Taseko Mines from a “hold” rating to a “strong sell” rating in a report on Thursday, April 16th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $5.00.

Taseko Mines Trading Down 0.1%

NYSEAMERICAN:TGB opened at $7.15 on Friday. The company has a market cap of $2.61 billion, a P/E ratio of -102.13 and a beta of 1.26. The stock’s fifty day moving average price is $7.15 and its two-hundred day moving average price is $6.26. Taseko Mines Limited has a 1 year low of $1.89 and a 1 year high of $9.25. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 0.92.

Taseko Mines Company 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.