Amitell Capital Pte Ltd Has $4.89 Million Stock Position in Taseko Mines Limited $TGB

Amitell Capital Pte Ltd cut its holdings in shares of Taseko Mines Limited (NYSE:TGB) by 20.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,155,287 shares of the company’s stock after selling 298,794 shares during the quarter. Taseko Mines accounts for about 3.0% of Amitell Capital Pte Ltd’s investment portfolio, making the stock its 11th largest holding. Amitell Capital Pte Ltd owned 0.32% of Taseko Mines worth $4,887,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Montrusco Bolton Investments Inc. acquired a new stake in shares of Taseko Mines during the 3rd quarter valued at about $12,260,000. Optiver Holding B.V. acquired a new position in Taseko Mines in the third quarter worth approximately $73,000. Counterpoint Mutual Funds LLC bought a new position in Taseko Mines during the third quarter valued at approximately $501,000. Persistent Asset Partners Ltd lifted its stake in Taseko Mines by 17.5% in the third quarter. Persistent Asset Partners Ltd now owns 198,449 shares of the company’s stock valued at $839,000 after acquiring an additional 29,548 shares during the last quarter. Finally, CenterBook Partners LP grew its position in Taseko Mines by 0.7% in the third quarter. CenterBook Partners LP now owns 774,437 shares of the company’s stock worth $3,276,000 after acquiring an additional 5,007 shares in the last quarter. Institutional investors and hedge funds own 17.94% of the company’s stock.

Analyst Upgrades and Downgrades

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

Taseko Mines Stock Down 1.4%

Shares of NYSE:TGB opened at $8.28 on Thursday. The company’s fifty day moving average is $7.08 and its 200-day moving average is $5.16. 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 Limited has a 52 week low of $1.67 and a 52 week high of $9.25. The company has a market capitalization of $3.02 billion, a PE ratio of -276.00 and a beta of 1.25.

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.