HighTower Advisors LLC Acquires 11,150 Shares of Taseko Mines Limited $TGB

HighTower Advisors LLC grew its holdings in Taseko Mines Limited (NYSE:TGB) by 51.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,646 shares of the company’s stock after acquiring an additional 11,150 shares during the quarter. HighTower Advisors LLC’s holdings in Taseko Mines were worth $73,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TGB. Deutsche Bank AG grew its holdings in shares of Taseko Mines by 88.2% during the fourth quarter. Deutsche Bank AG now owns 19,857 shares of the company’s stock worth $39,000 after buying an additional 9,308 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Taseko Mines in the fourth quarter valued at approximately $62,000. Ballentine Partners LLC lifted its position in shares of Taseko Mines by 147.1% in the first quarter. Ballentine Partners LLC now owns 34,046 shares of the company’s stock valued at $76,000 after buying an additional 20,270 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Taseko Mines by 44.1% in the first quarter. National Bank of Canada FI now owns 35,844 shares of the company’s stock valued at $78,000 after buying an additional 10,973 shares during the last quarter. Finally, Mariner LLC lifted its position in shares of Taseko Mines by 31.0% in the fourth quarter. Mariner LLC now owns 36,736 shares of the company’s stock valued at $71,000 after buying an additional 8,693 shares during the last quarter. 17.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TGB shares. Wall Street Zen cut Taseko Mines from a “hold” rating to a “sell” rating in a research report on Tuesday, May 13th. TD Securities downgraded shares of Taseko Mines from a “strong-buy” rating to a “hold” rating and lifted their price target for the company from $3.50 to $5.00 in a research report on Wednesday, July 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Taseko Mines in a report on Friday, August 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5.00.

Taseko Mines Price Performance

Shares of NYSE TGB opened at $3.33 on Friday. The stock has a market capitalization of $1.05 billion, a PE ratio of -111.00 and a beta of 1.18. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05. The business has a fifty day moving average price of $3.27 and a two-hundred day moving average price of $2.63. Taseko Mines Limited has a fifty-two week low of $1.67 and a fifty-two week high of $3.67.

Taseko Mines Company Profile

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company’s principal asset comprises 100% interest owned the Gibraltar mine located in British Columbia. It also holds interest in the Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.