122,500 Shares in Taseko Mines Limited $TGB Purchased by Cantor Fitzgerald L. P.

Cantor Fitzgerald L. P. acquired a new position in shares of Taseko Mines Limited (NYSEAMERICAN:TGB) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 122,500 shares of the company’s stock, valued at approximately $518,000.

A number of other hedge funds have also made changes to their positions in TGB. Aquatic Capital Management LLC acquired a new position in Taseko Mines in the 3rd quarter valued at $605,000. L1 Capital Pty Ltd lifted its holdings in Taseko Mines by 18.4% in the 3rd quarter. L1 Capital Pty Ltd now owns 24,479,399 shares of the company’s stock valued at $107,709,000 after purchasing an additional 3,797,792 shares in the last quarter. Man Group plc boosted its stake in Taseko Mines by 6.9% during the 3rd quarter. Man Group plc now owns 186,553 shares of the company’s stock worth $789,000 after purchasing an additional 12,014 shares during the last quarter. Two Sigma Investments LP purchased a new stake in shares of Taseko Mines during the third quarter worth $738,000. Finally, Banco BTG Pactual S.A. purchased a new stake in shares of Taseko Mines during the third quarter worth $1,692,000. Institutional investors and hedge funds own 17.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. TD Securities reissued a “buy” rating on shares of Taseko Mines in a research note on Monday, February 23rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Taseko Mines in a research note on Wednesday, January 14th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $5.00.

Taseko Mines Stock Down 5.8%

Shares of TGB opened at $6.60 on Monday. Taseko Mines Limited has a 52-week low of $1.67 and a 52-week high of $9.25. The company has a market capitalization of $2.41 billion, a PE ratio of -94.27 and a beta of 1.18. The stock has a fifty day simple moving average of $7.59 and a two-hundred day simple moving average of $5.56. The company has a quick ratio of 0.92, a current ratio of 1.50 and a debt-to-equity ratio of 0.91.

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.