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

Abacus Wealth Partners LLC bought a new position in shares of Taseko Mines Limited (NYSE:TGB) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,989 shares of the company’s stock, valued at approximately $29,000.

Other hedge funds have also modified their holdings of the company. American Century Companies Inc. raised its holdings in shares of Taseko Mines by 752.2% during the second quarter. American Century Companies Inc. now owns 703,954 shares of the company’s stock valued at $1,734,000 after acquiring an additional 621,352 shares during the period. Dimensional Fund Advisors LP grew its position in Taseko Mines by 87.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 491,388 shares of the company’s stock worth $1,204,000 after purchasing an additional 229,849 shares in the last quarter. XTX Topco Ltd raised its stake in Taseko Mines by 990.3% during the 2nd quarter. XTX Topco Ltd now owns 164,510 shares of the company’s stock valued at $403,000 after purchasing an additional 149,421 shares during the period. Bank of Montreal Can lifted its holdings in shares of Taseko Mines by 5.3% in the second quarter. Bank of Montreal Can now owns 796,458 shares of the company’s stock valued at $2,131,000 after purchasing an additional 40,053 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Taseko Mines by 58.6% in the second quarter. Cubist Systematic Strategies LLC now owns 97,497 shares of the company’s stock worth $239,000 after buying an additional 36,010 shares during the period. 17.94% of the stock is owned by hedge funds and other institutional investors.

Taseko Mines Stock Performance

Shares of TGB stock opened at $2.02 on Tuesday. Taseko Mines Limited has a fifty-two week low of $1.27 and a fifty-two week high of $3.15. The stock’s 50-day moving average is $2.03 and its two-hundred day moving average is $2.19. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05. The firm has a market cap of $615.17 million, a P/E ratio of 10.63 and a beta of 1.72.

Taseko Mines (NYSE:TGB) last released 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 analyst estimates of $112.48 million. Taseko Mines had a return on equity of 15.25% and a net margin of 12.69%. Analysts predict that Taseko Mines Limited will post 0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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