Dakota Wealth Management Sells 102,790 Shares of Taseko Mines Limited $TGB

Dakota Wealth Management lowered its holdings in Taseko Mines Limited (NYSE:TGB) by 24.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 323,031 shares of the company’s stock after selling 102,790 shares during the quarter. Dakota Wealth Management owned 0.09% of Taseko Mines worth $1,366,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. L1 Capital Pty Ltd boosted its holdings in Taseko Mines by 64.0% during the second quarter. L1 Capital Pty Ltd now owns 20,681,607 shares of the company’s stock valued at $65,148,000 after purchasing an additional 8,072,986 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Taseko Mines by 261.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,019,297 shares of the company’s stock worth $12,661,000 after buying an additional 2,907,611 shares during the period. Bank of America Corp DE lifted its position in shares of Taseko Mines by 67.0% during the 2nd quarter. Bank of America Corp DE now owns 1,868,650 shares of the company’s stock worth $5,886,000 after buying an additional 749,390 shares during the period. American Century Companies Inc. boosted its stake in Taseko Mines by 23.1% in the 2nd quarter. American Century Companies Inc. now owns 1,704,243 shares of the company’s stock valued at $5,381,000 after buying an additional 319,528 shares in the last quarter. Finally, Mackenzie Financial Corp grew its position in Taseko Mines by 973.6% in the second quarter. Mackenzie Financial Corp now owns 1,604,572 shares of the company’s stock valued at $5,070,000 after acquiring an additional 1,455,117 shares during the period. Institutional investors and hedge funds own 17.94% of the company’s stock.

Taseko Mines Price Performance

Shares of TGB stock opened at $8.28 on Thursday. Taseko Mines Limited has a 52 week low of $1.67 and a 52 week high of $9.25. The stock has a market capitalization of $3.02 billion, a PE ratio of -276.00 and a beta of 1.25. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.05 and a current ratio of 1.71. The stock’s fifty day moving average is $7.08 and its 200-day moving average is $5.16.

Wall Street Analyst Weigh In

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

Taseko Mines Company 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.