Anthracite Investment Company Inc. Raises Stock Position in Taseko Mines Limited (NYSE:TGB)

Anthracite Investment Company Inc. raised its position in shares of Taseko Mines Limited (NYSE:TGB) by 6.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,579,460 shares of the company’s stock after acquiring an additional 96,000 shares during the quarter. Taseko Mines makes up about 1.8% of Anthracite Investment Company Inc.’s holdings, making the stock its 14th largest holding. Anthracite Investment Company Inc. owned 0.53% of Taseko Mines worth $3,980,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TGB. CANADA LIFE ASSURANCE Co lifted its position in Taseko Mines by 1,135.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 142,436 shares of the company’s stock worth $306,000 after buying an additional 130,905 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Taseko Mines during the 1st quarter worth about $3,508,000. Keystone Wealth Services LLC purchased a new stake in Taseko Mines in the 2nd quarter valued at about $37,000. ClariVest Asset Management LLC acquired a new position in Taseko Mines in the second quarter valued at about $1,192,000. Finally, American Century Companies Inc. lifted its holdings in shares of Taseko Mines by 752.2% in the 2nd quarter. American Century Companies Inc. now owns 703,954 shares of the company’s stock worth $1,734,000 after acquiring an additional 621,352 shares during the last quarter. Hedge funds and other institutional investors own 17.94% of the company’s stock.

Taseko Mines Stock Up 2.0 %

Taseko Mines stock opened at $2.09 on Wednesday. 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 firm has a 50 day moving average price of $2.33 and a 200 day moving average price of $2.37. Taseko Mines Limited has a fifty-two week low of $1.14 and a fifty-two week high of $3.15. The company has a market capitalization of $627.41 million, a PE ratio of 11.00 and a beta of 1.77.

Taseko Mines (NYSE:TGB) last posted its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). The firm had revenue of $114.08 million for the quarter, compared to analyst estimates of $112.48 million. Taseko Mines had a return on equity of 15.25% and a net margin of 12.69%. Research analysts expect that Taseko Mines Limited will post 0.16 earnings per share for the current year.

Taseko Mines Company 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.