100,000 Shares in Taseko Mines Limited $TGB Purchased by U S Global Investors Inc.

U S Global Investors Inc. acquired a new position in shares of Taseko Mines Limited (NYSEAMERICAN:TGB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 100,000 shares of the company’s stock, valued at approximately $566,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Taseko Mines in the 3rd quarter valued at approximately $49,000. Ausdal Financial Partners Inc. bought a new stake in shares of Taseko Mines in the 2nd quarter valued at about $52,000. Swiss Life Asset Management Ltd acquired a new stake in Taseko Mines during the 3rd quarter worth about $61,000. Brevan Howard Capital Management LP bought a new stake in shares of Taseko Mines during the 3rd quarter valued at about $61,000. Finally, SIH Partners LLLP acquired a new position in shares of Taseko Mines during the 3rd quarter valued at $62,000. Institutional investors own 17.94% of the company’s stock.

Taseko Mines Trading Down 3.1%

Shares of TGB stock opened at $7.16 on Friday. The stock has a fifty day simple moving average of $7.23 and a two-hundred day simple moving average of $6.15. Taseko Mines Limited has a 52-week low of $1.89 and a 52-week high of $9.25. The firm has a market capitalization of $2.61 billion, a PE ratio of -102.27 and a beta of 1.32. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.92 and a current ratio of 1.50.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TGB shares. Canaccord Genuity Group upped their target price on Taseko Mines from C$13.50 to C$14.00 and gave the company a “buy” rating in a report on Tuesday. Zacks Research cut shares of Taseko Mines from a “hold” rating to a “strong sell” rating in a report on Thursday, April 16th. TD Securities reaffirmed a “buy” rating on shares of Taseko Mines in a report on Monday, February 23rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Taseko Mines in a research report on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Taseko Mines has a consensus rating of “Moderate 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.