Counterpoint Mutual Funds LLC Makes New $616,000 Investment in Taseko Mines Limited $TGB

Counterpoint Mutual Funds LLC purchased a new position in Taseko Mines Limited (NYSEAMERICAN:TGBFree Report) in the 1st quarter, Holdings Channel reports. The firm purchased 95,461 shares of the company’s stock, valued at approximately $616,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Deutsche Bank AG raised its stake in Taseko Mines by 5.8% during the 4th quarter. Deutsche Bank AG now owns 23,956 shares of the company’s stock valued at $136,000 after buying an additional 1,322 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Taseko Mines by 1.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 87,543 shares of the company’s stock worth $495,000 after buying an additional 1,642 shares during the last quarter. Prairiewood Capital LLC boosted its stake in shares of Taseko Mines by 14.3% in the 4th quarter. Prairiewood Capital LLC now owns 16,000 shares of the company’s stock worth $91,000 after buying an additional 2,000 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Taseko Mines by 22.6% in the fourth quarter. Parallel Advisors LLC now owns 11,049 shares of the company’s stock worth $63,000 after acquiring an additional 2,035 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Taseko Mines by 25.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,850 shares of the company’s stock worth $92,000 after acquiring an additional 3,000 shares during the period. 17.94% of the stock is owned by institutional investors.

Taseko Mines Price Performance

Shares of Taseko Mines stock opened at $6.93 on Friday. The stock has a market cap of $2.53 billion, a P/E ratio of 231.08 and a beta of 1.28. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.76 and a current ratio of 1.37. The stock’s fifty day moving average is $7.09 and its 200 day moving average is $7.03. Taseko Mines Limited has a one year low of $2.95 and a one year high of $9.25.

Wall Street Analysts Forecast Growth

TGB has been the topic of a number of recent research reports. Cantor Fitzgerald raised Taseko Mines from a “buy” rating to a “buy” rating and set a $9.00 target price on the stock in a report on Thursday, May 7th. Canaccord Genuity Group raised their target price on Taseko Mines from C$13.50 to C$14.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, Zacks Research upgraded Taseko Mines from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $7.00.

Check Out Our Latest Stock Report on Taseko Mines

About Taseko Mines

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Taseko Mines (NYSEAMERICAN:TGB)

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