14,989 Shares in Taseko Mines Limited (NYSE:TGB) Acquired by Abacus Wealth Partners LLC

Abacus Wealth Partners LLC purchased a new stake in shares of Taseko Mines Limited (NYSE:TGB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 14,989 shares of the company’s stock, valued at approximately $29,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Prairiewood Capital LLC bought a new stake in shares of Taseko Mines during the 4th quarter worth $76,000. Tidal Investments LLC lifted its position in Taseko Mines by 82.3% during the 3rd quarter. Tidal Investments LLC now owns 13,693,081 shares of the company’s stock worth $34,507,000 after acquiring an additional 6,182,981 shares during the last quarter. Barclays PLC boosted its holdings in Taseko Mines by 353.3% during the third quarter. Barclays PLC now owns 79,323 shares of the company’s stock valued at $200,000 after acquiring an additional 61,823 shares during the period. Toronto Dominion Bank grew its position in shares of Taseko Mines by 2,033.2% in the third quarter. Toronto Dominion Bank now owns 52,242 shares of the company’s stock valued at $132,000 after purchasing an additional 49,793 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Taseko Mines in the third quarter worth about $223,000. Institutional investors and hedge funds own 17.94% of the company’s stock.

Taseko Mines Price Performance

NYSE TGB opened at $2.02 on Tuesday. Taseko Mines Limited has a twelve month low of $1.27 and a twelve month high of $3.15. The stock has a market cap of $615.17 million, a PE ratio of 10.63 and a beta of 1.72. The firm has a 50-day simple moving average of $2.03 and a 200 day simple moving average of $2.19. 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 (NYSE:TGB) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The firm had revenue of $114.08 million during the quarter, compared to the consensus estimate of $112.48 million. Taseko Mines had a return on equity of 15.25% and a net margin of 12.69%. On average, research analysts forecast that Taseko Mines Limited will post 0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TGB. National Bank Financial upgraded Taseko Mines from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 10th. StockNews.com raised 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $3.50.

About Taseko Mines

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.