Alps Advisors Inc. Has $2.43 Million Position in Taseko Mines Limited $TGB

Alps Advisors Inc. boosted its holdings in shares of Taseko Mines Limited (NYSE:TGB) by 40.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 573,846 shares of the company’s stock after acquiring an additional 164,348 shares during the quarter. Alps Advisors Inc. owned approximately 0.16% of Taseko Mines worth $2,427,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Taseko Mines during the 3rd quarter worth $49,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Taseko Mines in the second quarter worth $52,000. Ausdal Financial Partners Inc. acquired a new position in Taseko Mines during the second quarter worth $52,000. State of Wyoming acquired a new position in Taseko Mines during the second quarter worth $81,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Taseko Mines during the first quarter valued at about $65,000. 17.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Taseko Mines in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Taseko Mines has a consensus rating of “Moderate Buy” and an average target price of $5.00.

Taseko Mines Price Performance

NYSE TGB opened at $8.20 on Wednesday. The stock has a 50-day simple moving average of $6.46 and a 200 day simple moving average of $4.79. Taseko Mines Limited has a twelve month low of $1.67 and a twelve month high of $9.25. The stock has a market capitalization of $2.96 billion, a PE ratio of -273.33 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.

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.