Acuitas Investments LLC Sells 991,406 Shares of Taseko Mines Limited $TGB

Acuitas Investments LLC cut its holdings in shares of Taseko Mines Limited (NYSE:TGB) by 84.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 189,018 shares of the company’s stock after selling 991,406 shares during the period. Acuitas Investments LLC owned about 0.05% of Taseko Mines worth $800,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Taseko Mines during the 3rd quarter valued at approximately $49,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Taseko Mines in the second quarter valued at approximately $52,000. Ausdal Financial Partners Inc. bought a new stake in shares of Taseko Mines during the second quarter worth $52,000. State of Wyoming acquired a new position in shares of Taseko Mines during the second quarter worth $81,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Taseko Mines during the first quarter worth $65,000. Institutional investors and hedge funds own 17.94% of the company’s stock.

Taseko Mines Price Performance

Taseko Mines stock opened at $8.60 on Friday. The stock’s 50 day moving average is $5.95 and its 200 day moving average is $4.51. Taseko Mines Limited has a one year low of $1.67 and a one year high of $9.00. The firm has a market cap of $3.11 billion, a P/E ratio of -286.67 and a beta of 1.27. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05.

Analysts Set New Price Targets

Separately, BMO Capital Markets restated an “outperform” rating on shares of Taseko Mines in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Taseko Mines currently has an average rating of “Moderate Buy” and a consensus target price 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.