U S Global Investors Inc. Buys New Stake in Taseko Mines Limited $TGB

U S Global Investors Inc. purchased a new position in Taseko Mines Limited (NYSEAMERICAN:TGB) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $566,000.

A number of other institutional investors have also recently made changes to their positions in TGB. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Taseko Mines in the third quarter worth about $49,000. Ausdal Financial Partners Inc. purchased a new stake in shares of Taseko Mines during the 2nd quarter worth approximately $52,000. Swiss Life Asset Management Ltd purchased a new stake in shares of Taseko Mines during the 3rd quarter worth approximately $61,000. Brevan Howard Capital Management LP bought a new position in shares of Taseko Mines during the 3rd quarter valued at approximately $61,000. Finally, SIH Partners LLLP purchased a new position in shares of Taseko Mines in the third quarter valued at $62,000. Hedge funds and other institutional investors own 17.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. TD Securities reaffirmed a “buy” rating on shares of Taseko Mines in a research note on Monday, February 23rd. BMO Capital Markets restated an “outperform” rating on shares of Taseko Mines in a report on Wednesday, January 14th. Zacks Research downgraded Taseko Mines from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 16th. Finally, Canaccord Genuity Group lifted their target price on Taseko Mines from C$13.50 to C$14.00 and gave the stock a “buy” rating in a research report on Tuesday. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Taseko Mines presently has an average rating of “Moderate Buy” and a consensus target price of $5.00.

Taseko Mines Stock Performance

Shares of Taseko Mines stock opened at $7.16 on Friday. 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 firm has a market cap of $2.61 billion, a P/E ratio of -102.27 and a beta of 1.32. The stock’s fifty day moving average price is $7.23 and its 200-day moving average price is $6.15. Taseko Mines Limited has a 12 month low of $1.89 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.