Cantor Fitzgerald L. P. Takes Position in Taseko Mines Limited $TGB

Cantor Fitzgerald L. P. bought a new position in shares of Taseko Mines Limited (NYSEAMERICAN:TGB) during the third quarter, Holdings Channel reports. The fund bought 122,500 shares of the company’s stock, valued at approximately $518,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CenterBook Partners LP grew its position in shares of Taseko Mines by 0.7% during the 3rd quarter. CenterBook Partners LP now owns 774,437 shares of the company’s stock valued at $3,276,000 after purchasing an additional 5,007 shares in the last quarter. Carrera Capital Advisors raised its position in shares of Taseko Mines by 0.8% in the third quarter. Carrera Capital Advisors now owns 706,110 shares of the company’s stock worth $2,987,000 after buying an additional 5,425 shares in the last quarter. National Bank of Canada FI raised its position in shares of Taseko Mines by 12.2% in the third quarter. National Bank of Canada FI now owns 58,640 shares of the company’s stock worth $247,000 after buying an additional 6,399 shares in the last quarter. Focus Partners Wealth boosted its stake in Taseko Mines by 19.9% during the first 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, Wealth Enhancement Advisory Services LLC purchased a new position in Taseko Mines during the third quarter worth about $49,000. 17.94% of the stock is currently owned by hedge funds and other institutional investors.

Taseko Mines Stock Performance

Taseko Mines stock opened at $6.21 on Thursday. Taseko Mines Limited has a fifty-two week low of $1.67 and a fifty-two week high of $9.25. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.92 and a current ratio of 1.50. The stock has a market cap of $2.26 billion, a P/E ratio of -88.70 and a beta of 1.18. The firm’s fifty day moving average price is $7.62 and its 200-day moving average price is $5.61.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TGB. TD Securities restated a “buy” rating on shares of Taseko Mines in a research note on Monday, February 23rd. BMO Capital Markets reissued an “outperform” rating on shares of Taseko Mines in a report on Wednesday, January 14th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $5.00.

About Taseko Mines

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.