Taseko Mines Limited $TGB Shares Sold by Carrera Capital Advisors

Carrera Capital Advisors reduced its stake in Taseko Mines Limited (NYSEAMERICAN:TGB) by 14.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 601,712 shares of the company’s stock after selling 104,398 shares during the quarter. Carrera Capital Advisors owned 0.17% of Taseko Mines worth $3,406,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Taseko Mines during the 1st quarter worth approximately $65,000. Goldman Sachs Group Inc. lifted its holdings in Taseko Mines by 198.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 988,072 shares of the company’s stock worth $2,213,000 after buying an additional 657,477 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Taseko Mines by 10.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,541,741 shares of the company’s stock worth $3,454,000 after buying an additional 146,154 shares in the last quarter. Focus Partners Wealth lifted its holdings in Taseko Mines by 19.9% during the 1st quarter. Focus Partners Wealth now owns 60,200 shares of the company’s stock worth $135,000 after buying an additional 10,000 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Taseko Mines by 8.0% during the 2nd quarter. Geode Capital Management LLC now owns 179,245 shares of the company’s stock worth $564,000 after buying an additional 13,261 shares in the last quarter. 17.94% of the stock is currently owned by institutional investors and hedge funds.

Taseko Mines Trading Down 3.5%

Shares of NYSEAMERICAN:TGB opened at $7.21 on Wednesday. Taseko Mines Limited has a 52 week low of $1.89 and a 52 week high of $9.25. The company’s 50 day moving average is $7.18 and its two-hundred day moving average is $6.24. The company has a current ratio of 1.50, a quick ratio of 0.92 and a debt-to-equity ratio of 0.91. The company has a market cap of $2.63 billion, a PE ratio of -102.99 and a beta of 1.32.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Canaccord Genuity Group increased their target price on shares of Taseko Mines from C$13.50 to C$14.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Zacks Research lowered shares of Taseko Mines from a “hold” rating to a “strong sell” rating in a report on Thursday, April 16th. BMO Capital Markets reiterated an “outperform” rating on shares of Taseko Mines in a report on Wednesday, January 14th. Finally, TD Securities reiterated a “buy” rating on shares of Taseko Mines in a report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $5.00.

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.