Swiss National Bank Has $1.33 Million Stake in Taseko Mines Limited $TGB

Swiss National Bank increased its stake in shares of Taseko Mines Limited (NYSE:TGB) by 3.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 593,500 shares of the company’s stock after acquiring an additional 21,500 shares during the period. Swiss National Bank owned about 0.19% of Taseko Mines worth $1,329,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. CenterBook Partners LP raised its holdings in shares of Taseko Mines by 16.1% during the first quarter. CenterBook Partners LP now owns 2,838,038 shares of the company’s stock worth $6,357,000 after acquiring an additional 393,665 shares during the period. TD Asset Management Inc grew its position in Taseko Mines by 22.2% in the first quarter. TD Asset Management Inc now owns 4,003,547 shares of the company’s stock valued at $8,957,000 after purchasing an additional 728,241 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in Taseko Mines in the first quarter valued at $90,000. Signaturefd LLC grew its position in Taseko Mines by 12.0% in the first quarter. Signaturefd LLC now owns 47,992 shares of the company’s stock valued at $108,000 after purchasing an additional 5,154 shares in the last quarter. Finally, Ballentine Partners LLC grew its position in Taseko Mines by 147.1% in the first quarter. Ballentine Partners LLC now owns 34,046 shares of the company’s stock valued at $76,000 after purchasing an additional 20,270 shares in the last quarter. 17.94% of the stock is currently owned by institutional investors and hedge funds.

Taseko Mines Stock Performance

Shares of TGB opened at $3.23 on Tuesday. The firm has a 50-day moving average of $3.21 and a 200-day moving average of $2.56. Taseko Mines Limited has a one year low of $1.67 and a one year high of $3.67. The company has a market cap of $1.02 billion, a PE ratio of -107.67 and a beta of 1.35. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05.

Wall Street Analysts Forecast Growth

TGB has been the subject of a number of analyst reports. TD Securities downgraded shares of Taseko Mines from a “strong-buy” rating to a “hold” rating and raised their target price for the company from $3.50 to $5.00 in a research report on Wednesday, July 16th. Wall Street Zen downgraded shares of Taseko Mines from a “hold” rating to a “sell” rating in a research report on Tuesday, May 13th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Taseko Mines in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Taseko Mines presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

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.