Verde Servicos Internacionais S.A. Invests $693,000 in Taseko Mines Limited $TGB

Key Points

• Verde Servicos Internacionais S.A. has invested $693,000 by acquiring 220,000 shares in Taseko Mines Limited, making it the firm's 26th largest position.
• Recent institutional activity includes significant positions being taken by firms such as Dynamic Advisor Solutions and Acuitas Investments, highlighting growing interest in Taseko Mines.
• Analysts have mixed sentiments, with TD Securities lowering the stock's rating to "hold" while maintaining a price target increase to $5.00, indicating a consensus rating of "Moderate Buy."

Verde Servicos Internacionais S.A. bought a new position in Taseko Mines Limited (NYSE:TGB - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 220,000 shares of the company's stock, valued at approximately $693,000. Taseko Mines makes up about 0.3% of Verde Servicos Internacionais S.A.'s portfolio, making the stock its 26th biggest position. Verde Servicos Internacionais S.A. owned 0.07% of Taseko Mines as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Dynamic Advisor Solutions LLC acquired a new position in Taseko Mines during the 1st quarter valued at about $258,000. Sowell Financial Services LLC acquired a new stake in shares of Taseko Mines in the first quarter valued at approximately $128,000. Intact Investment Management Inc. acquired a new position in shares of Taseko Mines during the first quarter worth approximately $384,000. Cambridge Investment Research Advisors Inc. grew its holdings in Taseko Mines by 186.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 79,957 shares of the company's stock worth $179,000 after buying an additional 52,000 shares in the last quarter. Finally, Acuitas Investments LLC increased its position in Taseko Mines by 77.1% in the 1st quarter. Acuitas Investments LLC now owns 1,180,424 shares of the company's stock valued at $2,644,000 after acquiring an additional 513,938 shares during the period. Institutional investors own 17.94% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. TD Securities cut Taseko Mines from a "strong-buy" rating to a "hold" rating and increased their price target for the stock from $3.50 to $5.00 in a research note on Wednesday, July 16th. BMO Capital Markets reissued an "outperform" rating on shares of Taseko Mines in a research note on Friday, August 8th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $5.00.

Taseko Mines Stock Up 1.1%

TGB stock opened at $4.46 on Friday. 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 $1.41 billion, a PE ratio of -148.67 and a beta of 1.28. Taseko Mines Limited has a 12 month low of $1.67 and a 12 month high of $4.84. The firm has a 50 day simple moving average of $3.53 and a 200 day simple moving average of $2.91.

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.

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