JPMorgan Chase & Co. reduced its holdings in Taseko Mines Limited (NYSE:TGB - Free Report) by 24.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,044,462 shares of the company's stock after selling 974,835 shares during the period. JPMorgan Chase & Co. owned approximately 0.85% of Taseko Mines worth $12,878,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Carrera Capital Advisors raised its position in shares of Taseko Mines by 0.8% during the 3rd quarter. Carrera Capital Advisors now owns 706,110 shares of the company's stock valued at $2,987,000 after acquiring an additional 5,425 shares during the last quarter. Focus Partners Wealth boosted its position in shares of Taseko Mines by 19.9% in the 1st quarter. Focus Partners Wealth now owns 60,200 shares of the company's stock worth $135,000 after purchasing an additional 10,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Taseko Mines during the third quarter worth $49,000. Geode Capital Management LLC increased its holdings in Taseko Mines by 8.0% in the second quarter. Geode Capital Management LLC now owns 179,245 shares of the company's stock valued at $564,000 after purchasing an additional 13,261 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in Taseko Mines by 5.6% in the second quarter. Legal & General Group Plc now owns 276,536 shares of the company's stock valued at $872,000 after purchasing an additional 14,726 shares during the last quarter. Institutional investors and hedge funds own 17.94% of the company's stock.
Analysts Set New Price Targets
TGB has been the topic of a number of recent analyst reports. BMO Capital Markets restated an "outperform" rating on shares of Taseko Mines in a report on Wednesday, January 14th. TD Securities reiterated a "buy" rating on shares of Taseko Mines in a research report on Monday, February 23rd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Taseko Mines presently has a consensus rating of "Buy" and a consensus target price of $5.00.
Get Our Latest Report on TGB
Taseko Mines Stock Up 2.2%
Taseko Mines stock opened at $8.21 on Thursday. The company has a 50 day moving average of $7.38 and a 200-day moving average of $5.34. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48. Taseko Mines Limited has a twelve month low of $1.67 and a twelve month high of $9.25. The stock has a market capitalization of $2.99 billion, a PE ratio of -273.50 and a beta of 1.25.
Taseko Mines Profile
(
Free Report)
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.
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