CIBC World Markets Inc. raised its holdings in Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) by 44.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 492,198 shares of the mining company’s stock after buying an additional 152,148 shares during the period. CIBC World Markets Inc.’s holdings in Taseko Mines were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Millennium Management LLC lifted its stake in shares of Taseko Mines by 58.8% in the first quarter. Millennium Management LLC now owns 261,764 shares of the mining company’s stock valued at $301,000 after buying an additional 96,892 shares in the last quarter.

TGB opened at $0.62 on Friday. Taseko Mines Ltd has a fifty-two week low of $0.59 and a fifty-two week high of $2.38.

Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) last released its quarterly earnings results on Wednesday, October 31st. The mining company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $56.85 million for the quarter.

A number of research analysts recently weighed in on TGB shares. Zacks Investment Research raised shares of Taseko Mines from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. National Bank Financial reissued a “buy” rating on shares of Taseko Mines in a research report on Wednesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $0.75.

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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.

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

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