Taseko Mines Limited (NYSE:TGB) Shares Purchased by Acuitas Investments LLC

Acuitas Investments LLC boosted its holdings in shares of Taseko Mines Limited (NYSE:TGB - Free Report) by 36.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,141,258 shares of the company's stock after purchasing an additional 566,414 shares during the period. Taseko Mines comprises approximately 1.5% of Acuitas Investments LLC's investment portfolio, making the stock its 21st biggest holding. Acuitas Investments LLC owned approximately 0.74% of Taseko Mines worth $2,998,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cahaba Wealth Management Inc. lifted its position in Taseko Mines by 38.2% during the fourth quarter. Cahaba Wealth Management Inc. now owns 36,134 shares of the company's stock valued at $51,000 after purchasing an additional 9,980 shares during the period. Aigen Investment Management LP purchased a new position in Taseko Mines in the third quarter valued at $28,000. Barclays PLC increased its holdings in Taseko Mines by 973.5% in the second quarter. Barclays PLC now owns 60,117 shares of the company's stock valued at $86,000 after buying an additional 54,517 shares in the last quarter. Mackenzie Financial Corp purchased a new position in Taseko Mines in the fourth quarter valued at $102,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Taseko Mines by 6.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,225,411 shares of the company's stock valued at $7,906,000 after buying an additional 394,376 shares in the last quarter. 17.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. TheStreet raised shares of Taseko Mines from a "d" rating to a "c" rating in a report on Thursday, March 14th. TD Securities lifted their price objective on shares of Taseko Mines from $3.25 to $3.50 and gave the company a "buy" rating in a report on Tuesday, March 26th. Finally, Stifel Nicolaus started coverage on shares of Taseko Mines in a research note on Tuesday, March 26th. They set a "buy" rating for the company.

Taseko Mines Price Performance

NYSE TGB traded up $0.11 during trading hours on Thursday, hitting $2.47. 3,692,378 shares of the company's stock traded hands, compared to its average volume of 2,078,661. Taseko Mines Limited has a 52-week low of $1.05 and a 52-week high of $2.61. The company has a market capitalization of $718.05 million, a PE ratio of 12.00 and a beta of 1.99. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.77 and a quick ratio of 0.90. The firm's 50-day moving average is $1.99 and its 200-day moving average is $1.54.

Taseko Mines (NYSE:TGB - Get Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Taseko Mines had a net margin of 15.66% and a return on equity of 11.54%. The business had revenue of $112.90 million for the quarter. Equities analysts forecast that Taseko Mines Limited will post 0.16 EPS for the current fiscal year.

Taseko Mines Profile

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.