Nano Cap New Millennium Growth Fund L P Makes New $1.30 Million Investment in Taseko Mines Limited $TGB

Nano Cap New Millennium Growth Fund L P bought a new position in shares of Taseko Mines Limited (NYSEAMERICAN:TGB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 230,000 shares of the company’s stock, valued at approximately $1,302,000. Taseko Mines comprises 1.1% of Nano Cap New Millennium Growth Fund L P’s portfolio, making the stock its 27th largest holding. Nano Cap New Millennium Growth Fund L P owned about 0.06% of Taseko Mines at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Prairiewood Capital LLC raised its position in Taseko Mines by 14.3% during the fourth quarter. Prairiewood Capital LLC now owns 16,000 shares of the company’s stock worth $91,000 after acquiring an additional 2,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Taseko Mines by 25.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,850 shares of the company’s stock worth $92,000 after acquiring an additional 3,000 shares during the last quarter. CenterBook Partners LP raised its position in Taseko Mines by 0.7% during the third quarter. CenterBook Partners LP now owns 774,437 shares of the company’s stock worth $3,276,000 after acquiring an additional 5,007 shares during the last quarter. Carrera Capital Advisors raised its position in Taseko Mines by 0.8% during the third quarter. Carrera Capital Advisors now owns 706,110 shares of the company’s stock worth $2,987,000 after acquiring an additional 5,425 shares during the last quarter. Finally, National Bank of Canada FI raised its position in Taseko Mines by 12.2% during the third quarter. National Bank of Canada FI now owns 58,640 shares of the company’s stock worth $247,000 after acquiring an additional 6,399 shares during the last quarter. Institutional investors and hedge funds own 17.94% of the company’s stock.

Analyst Upgrades and Downgrades

TGB has been the subject of a number of research reports. Cantor Fitzgerald upgraded shares of Taseko Mines from a “buy” rating to a “buy” rating and set a $9.00 target price for the company in a research report on Thursday, May 7th. TD Securities restated a “buy” rating on shares of Taseko Mines in a research report on Monday, February 23rd. Zacks Research downgraded shares of Taseko Mines from a “hold” rating to a “strong sell” rating in a report on Thursday, April 16th. Finally, Canaccord Genuity Group lifted their price target on shares of Taseko Mines from C$13.50 to C$14.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.00.

Taseko Mines Stock Performance

Shares of NYSEAMERICAN TGB opened at $6.58 on Friday. The company has a market cap of $2.41 billion, a PE ratio of 219.41 and a beta of 1.26. Taseko Mines Limited has a 12 month low of $2.01 and a 12 month high of $9.25. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.37 and a quick ratio of 0.76. The company has a 50-day simple moving average of $6.92 and a 200-day simple moving average of $6.55.

Taseko Mines 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.