Militia Capital Management LLC Takes Position in Taseko Mines Limited $TGB

Militia Capital Management LLC purchased a new position in shares of Taseko Mines Limited (NYSEAMERICAN:TGB) in the first quarter, Holdings Channel.com reports. The fund purchased 270,500 shares of the company’s stock, valued at approximately $1,745,000.

Other institutional investors and hedge funds have also modified their holdings of the company. L1 Capital Pty Ltd boosted its stake in Taseko Mines by 45.2% in the fourth quarter. L1 Capital Pty Ltd now owns 35,545,632 shares of the company’s stock valued at $201,190,000 after buying an additional 11,066,233 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Taseko Mines by 11.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,126,773 shares of the company’s stock worth $34,376,000 after acquiring an additional 854,016 shares in the last quarter. Mackenzie Financial Corp raised its stake in Taseko Mines by 78.6% during the fourth quarter. Mackenzie Financial Corp now owns 6,350,898 shares of the company’s stock worth $35,818,000 after acquiring an additional 2,794,210 shares in the last quarter. Mudita Advisors LLP lifted its holdings in shares of Taseko Mines by 57.4% in the fourth quarter. Mudita Advisors LLP now owns 4,388,401 shares of the company’s stock worth $24,838,000 after acquiring an additional 1,600,000 shares during the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of Taseko Mines by 815.7% in the fourth quarter. TD Asset Management Inc now owns 3,635,594 shares of the company’s stock worth $20,608,000 after acquiring an additional 3,238,558 shares during the last quarter. 17.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TGB shares. Zacks Research upgraded shares of Taseko Mines from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Cantor Fitzgerald upgraded shares of Taseko Mines from a “buy” rating to a “buy” rating and set a $9.00 price objective for the company in a research report on Thursday, May 7th. Finally, Canaccord Genuity Group increased their price objective on shares of Taseko Mines from C$13.50 to C$14.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $9.00.

Taseko Mines Price Performance

Shares of TGB opened at $7.58 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.88. The stock has a market cap of $2.77 billion, a PE ratio of 252.75 and a beta of 1.28. Taseko Mines Limited has a 12-month low of $2.95 and a 12-month high of $9.25. The business has a 50-day simple moving average of $7.04 and a two-hundred day simple moving average of $7.19.

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.