Millennium Management LLC Grows Stake in Taseko Mines (TGB)

Millennium Management LLC grew its holdings in Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) by 136.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,872 shares of the mining company’s stock after purchasing an additional 95,232 shares during the quarter. Millennium Management LLC owned approximately 0.07% of Taseko Mines worth $384,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new stake in shares of Taseko Mines in the fourth quarter valued at approximately $132,000. Bank of Montreal Can boosted its position in Taseko Mines by 93.9% during the fourth quarter. Bank of Montreal Can now owns 67,543 shares of the mining company’s stock worth $158,000 after acquiring an additional 32,713 shares during the last quarter. CIBC World Markets Inc. boosted its position in Taseko Mines by 355.9% during the fourth quarter. CIBC World Markets Inc. now owns 68,185 shares of the mining company’s stock worth $159,000 after acquiring an additional 53,230 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in Taseko Mines during the fourth quarter worth approximately $173,000. Finally, Wells Fargo & Company MN boosted its position in Taseko Mines by 342.5% during the third quarter. Wells Fargo & Company MN now owns 103,550 shares of the mining company’s stock worth $191,000 after acquiring an additional 80,150 shares during the last quarter.

Shares of Taseko Mines opened at $1.16 on Friday, according to MarketBeat.com. Taseko Mines has a 1 year low of $1.05 and a 1 year high of $2.46.

Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) last announced its earnings results on Wednesday, May 2nd. The mining company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.07). Taseko Mines had a negative return on equity of 8.19% and a negative net margin of 7.97%. The firm had revenue of $64.18 million for the quarter, compared to analyst estimates of $75.95 million. During the same quarter last year, the business posted $0.07 EPS. The firm’s revenue was down 38.5% compared to the same quarter last year.

TGB has been the topic of a number of analyst reports. Cantor Fitzgerald initiated coverage on shares of Taseko Mines in a research report on Friday, January 26th. They set a “buy” rating on the stock. Scotiabank upgraded shares of Taseko Mines from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, March 6th. Finally, National Bank Financial upgraded shares of Taseko Mines from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, April 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $2.50.

About Taseko Mines

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties in Canada and the United States. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds a 75% interest in the Gibraltar copper-molybdenum mine located in south-central British Columbia.

Institutional Ownership by Quarter for Taseko Mines (NYSEAMERICAN:TGB)

Receive News & Ratings for Taseko Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taseko Mines and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply