Triasima Portfolio Management inc. Buys New Position in Taseko Mines Limited $TGB

Key Points

• Triasima Portfolio Management acquired 314,852 shares of Taseko Mines in the third quarter, worth approximately $2.8 million and representing about 0.09% of the company.
• Institutional investors own 17.94% of Taseko Mines, with several funds initiating or increasing positions during recent quarters.
• Analysts maintain a “Moderate Buy” consensus, with five Buy ratings, one Hold rating, and an average price target of $9.00; shares recently opened at $8.09.

Triasima Portfolio Management inc. bought a new stake in Taseko Mines Limited (NYSEAMERICAN:TGB - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 314,852 shares of the company's stock, valued at approximately $2,803,000. Triasima Portfolio Management inc. owned approximately 0.09% of Taseko Mines as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TGB. Caitong International Asset Management Co. Ltd acquired a new position in shares of Taseko Mines during the fourth quarter worth $51,000. CHICAGO TRUST Co NA acquired a new stake in shares of Taseko Mines in the 1st quarter worth $67,000. First United Bank & Trust acquired a new stake in shares of Taseko Mines in the 1st quarter worth $79,000. FNY Investment Advisers LLC purchased a new position in Taseko Mines during the 2nd quarter worth $165,000. Finally, Themes Management Co LLC grew its stake in Taseko Mines by 93.4% during the 1st quarter. Themes Management Co LLC now owns 46,359 shares of the company's stock worth $300,000 after buying an additional 22,392 shares during the last quarter. 17.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group began coverage on Taseko Mines in a research report on Thursday, August 20th. They set a "buy" rating on the stock. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $9.00.

Taseko Mines Stock Performance

Shares of Taseko Mines stock opened at $8.09 on Friday. The firm 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 quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.85. The company has a 50 day moving average price of $8.66 and a 200 day moving average price of $7.66. Taseko Mines Limited has a 52 week low of $3.66 and a 52 week high of $9.82.

About Taseko Mines

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.

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