CastleKnight Management LP Sells 233,200 Shares of Taseko Mines Limited $TGB

CastleKnight Management LP reduced its stake in shares of Taseko Mines Limited (NYSEAMERICAN:TGB) by 12.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,668,600 shares of the company’s stock after selling 233,200 shares during the quarter. CastleKnight Management LP’s holdings in Taseko Mines were worth $9,444,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. L1 Capital Pty Ltd grew its stake in shares of Taseko Mines by 45.2% during the fourth quarter. L1 Capital Pty Ltd now owns 35,545,632 shares of the company’s stock valued at $201,190,000 after buying an additional 11,066,233 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Taseko Mines by 11.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,126,773 shares of the company’s stock worth $34,376,000 after purchasing an additional 854,016 shares during the last quarter. Mudita Advisors LLP grew its stake in shares of Taseko Mines by 57.4% in the fourth quarter. Mudita Advisors LLP now owns 4,388,401 shares of the company’s stock worth $24,838,000 after purchasing an additional 1,600,000 shares during the last quarter. TD Asset Management Inc grew its stake in shares of Taseko Mines by 815.7% in the fourth quarter. TD Asset Management Inc now owns 3,635,594 shares of the company’s stock worth $20,608,000 after purchasing an additional 3,238,558 shares during the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of Taseko Mines by 121.7% in the third quarter. Mackenzie Financial Corp now owns 3,556,688 shares of the company’s stock worth $15,075,000 after purchasing an additional 1,952,116 shares during the last quarter. 17.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. 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 note on Tuesday, April 21st. TD Securities reissued a “buy” rating on shares of Taseko Mines in a research note on Monday, February 23rd. Zacks Research raised Taseko Mines from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, 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 research note on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $7.00.

Taseko Mines Stock Performance

Shares of TGB opened at $7.43 on Thursday. The company has a 50-day simple moving average of $7.24 and a two-hundred day simple moving average of $6.92. Taseko Mines Limited has a one year low of $2.77 and a one year high of $9.25. The firm has a market capitalization of $2.72 billion, a PE ratio of 247.75 and a beta of 1.25. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.37 and a quick ratio of 0.76.

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.