Citigroup Inc. Decreases Stock Holdings in Taseko Mines Limited $TGB

Citigroup Inc. lowered its position in shares of Taseko Mines Limited (NYSE:TGB) by 20.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 877,928 shares of the company’s stock after selling 221,113 shares during the period. Citigroup Inc. owned about 0.24% of Taseko Mines worth $3,723,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TGB. CenterBook Partners LP boosted its holdings in shares of Taseko Mines by 0.7% during the third quarter. CenterBook Partners LP now owns 774,437 shares of the company’s stock worth $3,276,000 after purchasing an additional 5,007 shares during the period. Carrera Capital Advisors raised its position in Taseko Mines by 0.8% during the 3rd quarter. Carrera Capital Advisors now owns 706,110 shares of the company’s stock valued at $2,987,000 after purchasing an additional 5,425 shares during the last quarter. Focus Partners Wealth lifted its holdings in Taseko Mines by 19.9% in 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 during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Taseko Mines in the 3rd quarter worth approximately $49,000. Finally, Geode Capital Management LLC increased its stake in shares of Taseko Mines by 8.0% during the second quarter. Geode Capital Management LLC now owns 179,245 shares of the company’s stock valued at $564,000 after buying an additional 13,261 shares during the period. Hedge funds and other institutional investors own 17.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. TD Securities restated a “buy” rating on shares of Taseko Mines in a report on Monday, February 23rd. BMO Capital Markets reissued an “outperform” rating on shares of Taseko Mines in a research report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Taseko Mines currently has an average rating of “Buy” and an average target price of $5.00.

Taseko Mines Price Performance

TGB opened at $7.49 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48. The company has a market cap of $2.73 billion, a price-to-earnings ratio of -249.67 and a beta of 1.18. The stock has a fifty day simple moving average of $7.41 and a two-hundred day simple moving average of $5.36. Taseko Mines Limited has a 12-month low of $1.67 and a 12-month high of $9.25.

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. 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.