Verde Servicos Internacionais S.A. Sells 84,000 Shares of Taseko Mines Limited $TGB

Verde Servicos Internacionais S.A. lessened its position in shares of Taseko Mines Limited (NYSE:TGB) by 38.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 136,000 shares of the company’s stock after selling 84,000 shares during the period. Verde Servicos Internacionais S.A.’s holdings in Taseko Mines were worth $575,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Taseko Mines in the first quarter worth $65,000. Goldman Sachs Group Inc. increased its stake in Taseko Mines by 198.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 988,072 shares of the company’s stock worth $2,213,000 after acquiring an additional 657,477 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Taseko Mines by 10.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,541,741 shares of the company’s stock worth $3,454,000 after acquiring an additional 146,154 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of Taseko Mines by 19.9% in the 1st quarter. Focus Partners Wealth now owns 60,200 shares of the company’s stock valued at $135,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Taseko Mines by 26.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 87,513 shares of the company’s stock valued at $276,000 after acquiring an additional 18,152 shares during the last quarter. 17.94% of the stock is owned by institutional investors.

Taseko Mines Stock Up 1.8%

Shares of TGB opened at $8.35 on Thursday. The firm has a market cap of $3.02 billion, a P/E ratio of -278.33 and a beta of 1.25. The stock has a 50 day simple moving average of $6.52 and a two-hundred day simple moving average of $4.82. 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 $9.25.

Wall Street Analyst Weigh In

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

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. 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.