Acuitas Investments LLC Sells 991,406 Shares of Taseko Mines Limited $TGB

Acuitas Investments LLC trimmed its holdings in shares of Taseko Mines Limited (NYSE:TGB) by 84.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 189,018 shares of the company’s stock after selling 991,406 shares during the period. Acuitas Investments LLC’s holdings in Taseko Mines were worth $800,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Taseko Mines in the 3rd quarter valued at $49,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Taseko Mines in the second quarter worth $52,000. Ausdal Financial Partners Inc. bought a new stake in Taseko Mines in the second quarter valued at $52,000. State of Wyoming acquired a new position in shares of Taseko Mines during the second quarter valued at about $81,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Taseko Mines during the first quarter valued at about $65,000. Institutional investors and hedge funds own 17.94% of the company’s stock.

Analyst Upgrades and Downgrades

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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $5.00.

Taseko Mines Stock Up 4.2%

Shares of NYSE:TGB opened at $8.60 on Friday. The business’s 50 day moving average is $5.95 and its 200 day moving average is $4.51. Taseko Mines Limited has a 12-month low of $1.67 and a 12-month high of $9.00. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of -286.67 and a beta of 1.27. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48.

About Taseko Mines

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.