Susquehanna Advisors Group Inc. Makes New $615,000 Investment in Taseko Mines Limited $TGB

Susquehanna Advisors Group Inc. bought a new stake in Taseko Mines Limited (NYSEAMERICAN:TGB) in the 2nd quarter, HoldingsChannel reports. The firm bought 89,400 shares of the company’s stock, valued at approximately $615,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Taseko Mines in the first quarter valued at about $65,000. Goldman Sachs Group Inc. raised its stake in Taseko Mines by 198.9% during the first quarter. Goldman Sachs Group Inc. now owns 988,072 shares of the company’s stock worth $2,213,000 after purchasing an additional 657,477 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Taseko Mines by 10.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,541,741 shares of the company’s stock worth $3,454,000 after purchasing an additional 146,154 shares during the period. Focus Partners Wealth grew its stake in shares of Taseko Mines by 19.9% in the 1st quarter. Focus Partners Wealth now owns 60,200 shares of the company’s stock valued at $135,000 after buying an additional 10,000 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Taseko Mines by 8.0% during the 2nd quarter. Geode Capital Management LLC now owns 179,245 shares of the company’s stock worth $564,000 after buying an additional 13,261 shares during the last quarter. 17.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TGB. Zacks Research upgraded Taseko Mines from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Jefferies Financial Group started coverage on Taseko Mines in a research note on Thursday, August 20th. They issued a “buy” rating on the stock. Finally, Cantor Fitzgerald upgraded Taseko Mines from a “buy” rating to a “buy” rating and set a $9.00 price target for the company in a report on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Taseko Mines has a consensus rating of “Moderate Buy” and an average target price of $9.00.

Taseko Mines Stock Performance

Shares of TGB stock opened at $9.18 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.76 and a current ratio of 1.24. The firm has a market cap of $3.36 billion, a P/E ratio of 459.23 and a beta of 1.31. The firm’s 50 day moving average price is $7.63 and its 200-day moving average price is $7.38. Taseko Mines Limited has a one year low of $3.14 and a one year high of $9.82.

Taseko Mines 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.