Vertex One Asset Management Inc. lowered its stake in shares of Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,977,374 shares of the mining company’s stock after selling 325,200 shares during the quarter. Taseko Mines comprises 4.0% of Vertex One Asset Management Inc.’s portfolio, making the stock its 5th largest holding. Vertex One Asset Management Inc. owned approximately 4.40% of Taseko Mines worth $23,336,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently made changes to their positions in TGB. Picton Mahoney Asset Management bought a new stake in shares of Taseko Mines in the fourth quarter valued at approximately $132,000. Bank of Montreal Can boosted its position in shares of Taseko Mines by 93.9% in the fourth quarter. Bank of Montreal Can now owns 67,543 shares of the mining company’s stock valued at $158,000 after acquiring an additional 32,713 shares during the period. CIBC World Markets Inc. boosted its position in shares of Taseko Mines by 355.9% in the fourth quarter. CIBC World Markets Inc. now owns 68,185 shares of the mining company’s stock valued at $159,000 after acquiring an additional 53,230 shares during the period. Stifel Financial Corp bought a new stake in shares of Taseko Mines in the third quarter valued at approximately $168,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Taseko Mines in the fourth quarter valued at approximately $173,000.
Shares of Taseko Mines Ltd (NYSEAMERICAN:TGB) traded down $0.05 during midday trading on Monday, hitting $1.32. The company had a trading volume of 597,157 shares, compared to its average volume of 1,095,414. The firm has a market capitalization of $341.30, a price-to-earnings ratio of 11.17 and a beta of 2.62. Taseko Mines Ltd has a twelve month low of $1.00 and a twelve month high of $2.46.
Several research firms have recently weighed in on TGB. Scotiabank raised Taseko Mines from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, March 6th. Zacks Investment Research cut Taseko Mines from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, Cantor Fitzgerald began coverage on Taseko Mines in a research report on Friday, January 26th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $2.50.
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About Taseko Mines
Taseko Mines Limited is a mining company. The Company is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada and the State of Arizona, the United States. Its projects represent a range of metals, including gold, copper and niobium.
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