89,400 Shares in Taseko Mines Limited $TGB Purchased by Susquehanna Advisors Group Inc.

Susquehanna Advisors Group Inc. purchased a new position in shares of Taseko Mines Limited (NYSEAMERICAN:TGB) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 89,400 shares of the company’s stock, valued at approximately $615,000.

Several other institutional investors also recently bought and sold shares of TGB. L1 Capital Pty Ltd raised its stake in shares of Taseko Mines by 45.2% during the 4th quarter. L1 Capital Pty Ltd now owns 35,545,632 shares of the company’s stock worth $201,190,000 after buying an additional 11,066,233 shares during the period. TD Asset Management Inc grew its stake in Taseko Mines by 815.7% in the 4th quarter. TD Asset Management Inc now owns 3,635,594 shares of the company’s stock valued at $20,608,000 after acquiring an additional 3,238,558 shares during the period. Bank of America Corp DE grew its stake in Taseko Mines by 215.3% in the 1st quarter. Bank of America Corp DE now owns 4,577,781 shares of the company’s stock valued at $29,527,000 after acquiring an additional 3,125,829 shares during the period. Mackenzie Financial Corp increased its holdings in Taseko Mines by 78.6% in the 4th quarter. Mackenzie Financial Corp now owns 6,350,898 shares of the company’s stock worth $35,818,000 after acquiring an additional 2,794,210 shares in the last quarter. Finally, Hatch Cove Capital LLC purchased a new stake in Taseko Mines in the 4th quarter worth $14,773,000. 17.94% of the stock is owned by institutional investors and hedge funds.

Taseko Mines Price Performance

NYSEAMERICAN TGB opened at $9.18 on Monday. The business has a fifty day moving average price of $7.63 and a 200 day moving average price of $7.38. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.76 and a current ratio of 1.24. The company has a market cap of $3.36 billion, a P/E ratio of 459.23 and a beta of 1.31. Taseko Mines Limited has a one year low of $3.14 and a one year high of $9.82.

Analysts Set New Price Targets

TGB has been the topic of several recent analyst reports. Cantor Fitzgerald raised shares of Taseko Mines from a “buy” rating to a “buy” rating and set a $9.00 price objective on the stock in a report on Thursday, May 7th. Jefferies Financial Group initiated coverage on shares of Taseko Mines in a research note on Thursday, August 20th. They set a “buy” rating for the company. Finally, Zacks Research upgraded shares of Taseko Mines from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Taseko Mines has an average rating of “Moderate Buy” and an average price target of $9.00.

Taseko Mines Company 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.