TD Waterhouse Canada Inc. Raises Stock Position in Taseko Mines Limited $TGB

TD Waterhouse Canada Inc. lifted its holdings in Taseko Mines Limited (NYSE:TGB) by 204.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 189,032 shares of the company’s stock after buying an additional 127,000 shares during the period. TD Waterhouse Canada Inc. owned about 0.05% of Taseko Mines worth $787,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Intact Investment Management Inc. lifted its position in Taseko Mines by 17.8% in the third quarter. Intact Investment Management Inc. now owns 1,035,500 shares of the company’s stock worth $4,390,000 after buying an additional 156,200 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Taseko Mines by 973.6% in the second quarter. Mackenzie Financial Corp now owns 1,604,572 shares of the company’s stock valued at $5,070,000 after acquiring an additional 1,455,117 shares during the period. L1 Capital Pty Ltd lifted its holdings in shares of Taseko Mines by 64.0% in the 2nd quarter. L1 Capital Pty Ltd now owns 20,681,607 shares of the company’s stock worth $65,148,000 after acquiring an additional 8,072,986 shares during the last quarter. Persistent Asset Partners Ltd boosted its stake in shares of Taseko Mines by 59.7% during the 2nd quarter. Persistent Asset Partners Ltd now owns 168,901 shares of the company’s stock worth $532,000 after purchasing an additional 63,132 shares during the period. Finally, SG Americas Securities LLC bought a new position in Taseko Mines during the 2nd quarter valued at about $308,000. Institutional investors own 17.94% of the company’s stock.

Taseko Mines Trading Up 1.2%

Shares of TGB opened at $7.71 on Tuesday. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of -257.00 and a beta of 1.27. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05. Taseko Mines Limited has a 1-year low of $1.67 and a 1-year high of $9.00. The company has a 50-day moving average of $6.08 and a 200 day moving average of $4.59.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Taseko Mines in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Taseko Mines presently has an average rating of “Moderate Buy” and a consensus target price of $5.00.

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. The Florence Copper project in Arizona employs an in‐situ recovery process to extract copper, positioning it as one of North America’s first large‐scale applications of this technology.