Amitell Capital Pte Ltd Has $4.89 Million Stock Holdings in Taseko Mines Limited $TGB

Amitell Capital Pte Ltd decreased its position in shares of Taseko Mines Limited (NYSE:TGB) by 20.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,155,287 shares of the company’s stock after selling 298,794 shares during the quarter. Taseko Mines makes up approximately 3.0% of Amitell Capital Pte Ltd’s portfolio, making the stock its 11th largest position. Amitell Capital Pte Ltd’s holdings in Taseko Mines were worth $4,887,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. L1 Capital Pty Ltd increased its stake in shares of Taseko Mines by 64.0% in the 2nd 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 during the last quarter. JPMorgan Chase & Co. boosted its holdings in Taseko Mines by 261.5% in the second quarter. JPMorgan Chase & Co. now owns 4,019,297 shares of the company’s stock valued at $12,661,000 after acquiring an additional 2,907,611 shares during the last quarter. Montrusco Bolton Investments Inc. bought a new position in Taseko Mines during the third quarter worth $12,260,000. Bank of America Corp DE increased its holdings in Taseko Mines by 67.0% in the second quarter. Bank of America Corp DE now owns 1,868,650 shares of the company’s stock worth $5,886,000 after purchasing an additional 749,390 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Taseko Mines by 23.1% during the second quarter. American Century Companies Inc. now owns 1,704,243 shares of the company’s stock worth $5,381,000 after acquiring an additional 319,528 shares in the last quarter. Institutional investors own 17.94% of the company’s stock.

Wall Street Analysts Forecast Growth

TGB has been the topic of a number of research reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Taseko Mines in a research report on Wednesday, January 14th. TD Securities restated a “buy” rating on shares of Taseko Mines in a research note on Monday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Taseko Mines has a consensus rating of “Buy” and a consensus price target of $5.00.

Taseko Mines Stock Performance

Shares of NYSE TGB opened at $8.28 on Thursday. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48. Taseko Mines Limited has a 1-year low of $1.67 and a 1-year high of $9.25. The stock’s 50-day moving average is $7.08 and its 200 day moving average is $5.16. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of -276.00 and a beta of 1.25.

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.