Counterpoint Mutual Funds LLC Takes $501,000 Position in Taseko Mines Limited $TGB

Counterpoint Mutual Funds LLC bought a new position in shares of Taseko Mines Limited (NYSE:TGB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 118,362 shares of the company’s stock, valued at approximately $501,000.

A number of other hedge funds have also recently added to or reduced their stakes in TGB. CenterBook Partners LP increased its stake in shares of Taseko Mines by 0.7% during the 3rd quarter. CenterBook Partners LP now owns 774,437 shares of the company’s stock valued at $3,276,000 after acquiring an additional 5,007 shares during the last quarter. Carrera Capital Advisors grew its holdings in Taseko Mines by 0.8% in the third quarter. Carrera Capital Advisors now owns 706,110 shares of the company’s stock valued at $2,987,000 after purchasing an additional 5,425 shares during the period. Focus Partners Wealth increased its position in Taseko Mines by 19.9% during the first quarter. Focus Partners Wealth now owns 60,200 shares of the company’s stock worth $135,000 after purchasing an additional 10,000 shares during the last quarter. Ingalls & Snyder LLC increased its position in Taseko Mines by 12.1% during the second quarter. Ingalls & Snyder LLC now owns 98,236 shares of the company’s stock worth $309,000 after purchasing an additional 10,600 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Taseko Mines during the third quarter worth approximately $49,000. 17.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. TD Securities restated a “buy” rating on shares of Taseko Mines in a report on Monday. BMO Capital Markets reissued an “outperform” rating on shares of Taseko Mines in a research report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $5.00.

Taseko Mines Stock Performance

Shares of TGB stock opened at $8.40 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48. The company has a market cap of $3.06 billion, a PE ratio of -280.00 and a beta of 1.25. The company’s fifty day simple moving average is $7.01 and its 200-day simple moving average is $5.14. Taseko Mines Limited has a 52 week low of $1.67 and a 52 week high of $9.25.

Taseko Mines Profile

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.