Y.D. More Investments Ltd Takes $195,000 Position in Taseko Mines Limited (NYSE:TGB)

Y.D. More Investments Ltd purchased a new stake in Taseko Mines Limited (NYSE:TGB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 100,000 shares of the company’s stock, valued at approximately $195,000.

A number of other institutional investors have also recently added to or reduced their stakes in TGB. Bank of Montreal Can increased its stake in shares of Taseko Mines by 296.8% in the 3rd quarter. Bank of Montreal Can now owns 3,160,574 shares of the company’s stock worth $8,225,000 after acquiring an additional 2,364,116 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Taseko Mines by 87.9% in the second quarter. Dimensional Fund Advisors LP now owns 491,388 shares of the company’s stock valued at $1,204,000 after purchasing an additional 229,849 shares during the period. Dakota Wealth Management increased its position in Taseko Mines by 1.5% during the third quarter. Dakota Wealth Management now owns 457,939 shares of the company’s stock worth $1,154,000 after purchasing an additional 6,973 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in Taseko Mines by 58.6% during the second quarter. Cubist Systematic Strategies LLC now owns 97,497 shares of the company’s stock worth $239,000 after purchasing an additional 36,010 shares during the period. Finally, Barclays PLC boosted its holdings in Taseko Mines by 353.3% in the 3rd quarter. Barclays PLC now owns 79,323 shares of the company’s stock valued at $200,000 after purchasing an additional 61,823 shares during the last quarter. Hedge funds and other institutional investors own 17.94% of the company’s stock.

Taseko Mines Price Performance

Taseko Mines stock opened at $1.98 on Thursday. The company’s 50 day simple moving average is $2.00 and its 200-day simple moving average is $2.15. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.05 and a current ratio of 1.71. Taseko Mines Limited has a 1 year low of $1.34 and a 1 year high of $3.15. The company has a market capitalization of $603.25 million, a price-to-earnings ratio of 10.42 and a beta of 1.70.

Taseko Mines (NYSE:TGB) last announced its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Taseko Mines had a net margin of 12.69% and a return on equity of 15.25%. The firm had revenue of $114.08 million during the quarter, compared to analysts’ expectations of $112.48 million. As a group, equities research analysts expect that Taseko Mines Limited will post 0.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. National Bank Financial upgraded shares of Taseko Mines from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 10th. StockNews.com upgraded Taseko Mines from a “sell” rating to a “hold” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Taseko Mines currently has an average rating of “Buy” and an average price target of $3.50.

Taseko Mines 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.