Taseko Mines Limited $TGB Shares Newly Acquired by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. purchased a new stake in shares of Taseko Mines Limited (NYSEAMERICAN:TGB) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 314,852 shares of the company’s stock, valued at approximately $2,803,000.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in shares of Taseko Mines by 1.2% in the third quarter. Farther Finance Advisors LLC now owns 133,253 shares of the company’s stock valued at $1,187,000 after purchasing an additional 1,579 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in shares of Taseko Mines by 5.5% during the second quarter. TD Waterhouse Canada Inc. now owns 190,808 shares of the company’s stock worth $1,338,000 after purchasing an additional 9,900 shares during the period. Susquehanna Advisors Group Inc. acquired a new stake in shares of Taseko Mines during the second quarter worth about $615,000. Penn Capital Management Company LLC lifted its holdings in shares of Taseko Mines by 25.3% during the second quarter. Penn Capital Management Company LLC now owns 74,474 shares of the company’s stock worth $512,000 after purchasing an additional 15,059 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Taseko Mines by 20.4% during the second quarter. Van ECK Associates Corp now owns 396,290 shares of the company’s stock worth $2,727,000 after purchasing an additional 67,174 shares during the period. Hedge funds and other institutional investors own 17.94% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group assumed coverage on Taseko Mines in a research report on Thursday, August 20th. They issued a “buy” rating on the stock. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $9.00.

Taseko Mines Stock Down 1.3%

TGB stock opened at $8.09 on Friday. The firm’s fifty day simple moving average is $8.66 and its 200-day simple moving average is $7.66. The company has a market capitalization of $2.97 billion, a P/E ratio of 404.70 and a beta of 1.41. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.24 and a quick ratio of 0.76. Taseko Mines Limited has a 12 month low of $3.66 and a 12 month high of $9.82.

Taseko Mines Profile

Taseko Mines Limited is a Canadian mining company engaged in the acquisition, development, and operation of copper and other mineral properties. The company is headquartered in Vancouver, British Columbia, and its shares trade on the Toronto Stock Exchange under the symbol TKO and on the NYSE American under the symbol TGB.

Taseko’s principal asset is the Gibraltar Mine in central British Columbia, one of Canada’s largest open-pit copper and molybdenum mines. The operation produces copper concentrate, with molybdenum as a byproduct, and has been in production since the 1970s.