TD Waterhouse Canada Inc. Acquires 127,000 Shares of Taseko Mines Limited $TGB

TD Waterhouse Canada Inc. raised its holdings in shares of Taseko Mines Limited (NYSE:TGB) by 204.7% during the third quarter, HoldingsChannel reports. The firm owned 189,032 shares of the company’s stock after purchasing an additional 127,000 shares during the period. TD Waterhouse Canada Inc.’s holdings in Taseko Mines were worth $787,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TGB. Focus Partners Wealth boosted its stake in shares of 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 in the last quarter. Ingalls & Snyder LLC lifted its holdings in Taseko Mines by 12.1% during the second quarter. Ingalls & Snyder LLC now owns 98,236 shares of the company’s stock worth $309,000 after buying an additional 10,600 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in Taseko Mines during the third quarter worth $49,000. Geode Capital Management LLC boosted its position in Taseko Mines by 8.0% during the 2nd quarter. Geode Capital Management LLC now owns 179,245 shares of the company’s stock valued at $564,000 after acquiring an additional 13,261 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Taseko Mines by 5.6% in the 2nd quarter. Legal & General Group Plc now owns 276,536 shares of the company’s stock valued at $872,000 after acquiring an additional 14,726 shares during the period. Hedge funds and other institutional investors own 17.94% of the company’s stock.

Taseko Mines Price Performance

Shares of TGB opened at $7.71 on Tuesday. The company has a market cap of $2.78 billion, a price-to-earnings ratio of -257.00 and a beta of 1.27. Taseko Mines Limited has a twelve month low of $1.67 and a twelve month high of $9.00. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48. The company has a 50 day moving average of $6.08 and a two-hundred day moving average of $4.59.

Analysts Set New Price Targets

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

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. 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.