TD Asset Management Inc Has $1.68 Million Stock Position in Taseko Mines Limited $TGB

Key Points

• TD Asset Management reduced its Taseko Mines holding by 68.3% in Q3, selling 855,940 shares and retaining 397,036 shares worth about $1.68 million (≈0.11% of the company).
• Taseko shares fell 8.4% and opened near $7.49; the stock trades in a 52‑week range of $1.67–$9.25, has a market cap of $2.73 billion and a negative P/E.
• Analysts maintain a consensus "Buy" on Taseko, but the consensus price target is $5.00, which is below the recent trading price.

TD Asset Management Inc lessened its position in shares of Taseko Mines Limited (NYSE:TGB - Free Report) by 68.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 397,036 shares of the company's stock after selling 855,940 shares during the quarter. TD Asset Management Inc owned approximately 0.11% of Taseko Mines worth $1,684,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TGB. CenterBook Partners LP increased its position in shares of Taseko Mines by 0.7% during the third quarter. CenterBook Partners LP now owns 774,437 shares of the company's stock worth $3,276,000 after buying an additional 5,007 shares during the period. Carrera Capital Advisors boosted its position in Taseko Mines by 0.8% during the third 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 grew its holdings in Taseko Mines by 19.9% during 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. Wealth Enhancement Advisory Services LLC bought a new position in shares of Taseko Mines in the 3rd quarter worth about $49,000. Finally, Geode Capital Management LLC boosted its position in shares of Taseko Mines by 8.0% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 17.94% of the company's stock.

Taseko Mines Trading Down 8.4%

NYSE TGB opened at $7.49 on Friday. 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 52 week low of $1.67 and a 52 week high of $9.25. The business has a 50 day moving average price of $7.41 and a 200-day moving average price of $5.36. The company has a market cap of $2.73 billion, a price-to-earnings ratio of -249.67 and a beta of 1.18.

Wall Street Analysts Forecast Growth

TGB has been the subject of a number of research analyst reports. TD Securities reiterated a "buy" rating on shares of Taseko Mines in a report on Monday, February 23rd. BMO Capital Markets reiterated an "outperform" rating on shares of Taseko Mines in a research report on Wednesday, January 14th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Taseko Mines presently has a consensus rating of "Buy" and a consensus price target of $5.00.

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.

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