Mudita Advisors LLP Has $11.80 Million Stock Position in Taseko Mines Limited $TGB

Key Points

• Mudita Advisors LLP increased its stake in Taseko Mines by 75.4% in Q3, buying 1,198,700 shares to own 2,788,401 shares worth about $11.8 million, which represents roughly 3.4% of Mudita’s portfolio and 0.78% of Taseko’s outstanding stock.
• Several other institutions also boosted or initiated positions—most notably Goldman Sachs (+198.9% to 988,072 shares) and UBS AM (1,541,741 shares)—and institutional investors now hold about 17.94% of Taseko’s stock.
• Equity analysts have a consensus Buy rating with a $5.00 consensus price target, even as the stock recently traded around $6.81 and sits within a one‑year range of $1.67–$9.25.

Mudita Advisors LLP grew its holdings in shares of Taseko Mines Limited (NYSEAMERICAN:TGB - Free Report) by 75.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,788,401 shares of the company's stock after purchasing an additional 1,198,700 shares during the period. Taseko Mines makes up approximately 3.4% of Mudita Advisors LLP's investment portfolio, making the stock its 10th largest holding. Mudita Advisors LLP owned 0.78% of Taseko Mines worth $11,795,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Dynamic Technology Lab Private Ltd bought a new position in Taseko Mines in the 1st quarter valued at about $65,000. Goldman Sachs Group Inc. raised its position in shares of Taseko Mines by 198.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 988,072 shares of the company's stock worth $2,213,000 after buying an additional 657,477 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Taseko Mines by 10.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,541,741 shares of the company's stock worth $3,454,000 after acquiring an additional 146,154 shares during the period. Focus Partners Wealth lifted its stake 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 acquiring an additional 10,000 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 13,261 shares in the last quarter. Institutional investors and hedge funds own 17.94% of the company's stock.

Analyst Upgrades and Downgrades

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

Taseko Mines Price Performance

Shares of NYSEAMERICAN TGB traded down $0.20 during midday trading on Friday, reaching $6.81. The company's stock had a trading volume of 676,174 shares, compared to its average volume of 7,630,188. Taseko Mines Limited has a one year low of $1.67 and a one year high of $9.25. The company has a market cap of $2.48 billion, a price-to-earnings ratio of -97.57 and a beta of 1.18. The company has a 50 day moving average price of $7.57 and a 200 day moving average price of $5.50. The company has a current ratio of 1.50, a quick ratio of 0.92 and a debt-to-equity ratio of 0.91.

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.

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