TD Asset Management Inc Lowers Position in Taseko Mines Limited $TGB

TD Asset Management Inc lessened its stake in Taseko Mines Limited (NYSE:TGB) by 68.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 397,036 shares of the company’s stock after selling 855,940 shares during the quarter. TD Asset Management Inc’s holdings in Taseko Mines were worth $1,684,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC bought a new position in Taseko Mines during the 3rd quarter valued at $49,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Taseko Mines during the second quarter valued at about $52,000. Ausdal Financial Partners Inc. purchased a new position in Taseko Mines during the second quarter worth about $52,000. Dynamic Technology Lab Private Ltd bought a new stake in Taseko Mines in the 1st quarter worth about $65,000. Finally, State of Wyoming purchased a new stake in Taseko Mines in the 2nd quarter valued at about $81,000. Institutional investors own 17.94% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TGB. BMO Capital Markets restated an “outperform” rating on shares of Taseko Mines in a research note on Wednesday, January 14th. TD Securities reissued a “buy” rating on shares of Taseko Mines in a research report on Monday, February 23rd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $5.00.

Taseko Mines Trading Down 8.4%

NYSE:TGB opened at $7.49 on Friday. Taseko Mines Limited has a 12 month low of $1.67 and a 12 month high of $9.25. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48. The firm’s 50 day moving average is $7.41 and its 200 day moving average is $5.36. The stock has a market capitalization of $2.73 billion, a PE ratio of -249.67 and a beta of 1.18.

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.