Pinpoint Asset Management Singapore Pte. Ltd. Purchases Shares of 16,350 Taseko Mines Limited $TGB

Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Taseko Mines Limited (NYSE:TGB) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 16,350 shares of the company’s stock, valued at approximately $52,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd bought a new stake in Taseko Mines during the 1st quarter valued at $65,000. HighTower Advisors LLC grew its stake in shares of Taseko Mines by 51.9% in the first quarter. HighTower Advisors LLC now owns 32,646 shares of the company’s stock worth $73,000 after purchasing an additional 11,150 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of Taseko Mines by 44.1% during the first quarter. National Bank of Canada FI now owns 35,844 shares of the company’s stock valued at $78,000 after purchasing an additional 10,973 shares during the period. Focus Partners Wealth raised 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. Finally, Quantbot Technologies LP bought a new stake in shares of Taseko Mines during the first quarter valued at about $161,000. 17.94% of the stock is owned by institutional investors.

Taseko Mines Stock Up 2.9%

TGB opened at $4.55 on Wednesday. The stock’s fifty day moving average is $4.23 and its 200-day moving average is $3.44. Taseko Mines Limited has a one year low of $1.67 and a one year high of $4.84. The company has a market capitalization of $1.64 billion, a PE ratio of -151.67 and a beta of 1.24. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.05 and a current ratio of 1.71.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Taseko Mines in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

Taseko Mines Company Profile

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.