Alps Advisors Inc. Has $2.43 Million Stock Position in Taseko Mines Limited $TGB

Alps Advisors Inc. grew its position in Taseko Mines Limited (NYSE:TGB) by 40.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 573,846 shares of the company’s stock after acquiring an additional 164,348 shares during the quarter. Alps Advisors Inc.’s holdings in Taseko Mines were worth $2,427,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TGB. L1 Capital Pty Ltd raised its stake in shares of Taseko Mines by 64.0% in the second quarter. L1 Capital Pty Ltd now owns 20,681,607 shares of the company’s stock valued at $65,148,000 after purchasing an additional 8,072,986 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Taseko Mines by 261.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,019,297 shares of the company’s stock valued at $12,661,000 after buying an additional 2,907,611 shares during the period. Mackenzie Financial Corp raised its stake in shares of Taseko Mines by 973.6% in the 2nd quarter. Mackenzie Financial Corp now owns 1,604,572 shares of the company’s stock valued at $5,070,000 after buying an additional 1,455,117 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Taseko Mines by 67.0% during the 2nd quarter. Bank of America Corp DE now owns 1,868,650 shares of the company’s stock worth $5,886,000 after acquiring an additional 749,390 shares during the period. Finally, Intact Investment Management Inc. boosted its position in shares of Taseko Mines by 412.7% during the 2nd quarter. Intact Investment Management Inc. now owns 879,300 shares of the company’s stock valued at $2,776,000 after acquiring an additional 707,800 shares in the last quarter. Institutional investors and hedge funds own 17.94% of the company’s stock.

Taseko Mines Stock Down 0.5%

Shares of NYSE TGB opened at $8.20 on Wednesday. Taseko Mines Limited has a 52-week low of $1.67 and a 52-week high of $9.25. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.05 and a current ratio of 1.71. The business has a fifty day moving average of $6.46 and a two-hundred day moving average of $4.79. The stock has a market cap of $2.96 billion, a PE ratio of -273.33 and a beta of 1.25.

Wall Street Analyst Weigh In

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

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.