Prairiewood Capital LLC Invests $76,000 in Taseko Mines Limited (NYSE:TGB)

Prairiewood Capital LLC acquired a new stake in Taseko Mines Limited (NYSE:TGB) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 39,000 shares of the company’s stock, valued at approximately $76,000.

Several other hedge funds have also added to or reduced their stakes in the business. Quantinno Capital Management LP bought a new position in shares of Taseko Mines during the third quarter valued at $38,000. SG Americas Securities LLC bought a new position in Taseko Mines during the 3rd quarter worth $38,000. Ballentine Partners LLC acquired a new position in Taseko Mines during the 3rd quarter worth about $42,000. Capstone Investment Advisors LLC bought a new stake in shares of Taseko Mines in the 3rd quarter valued at about $56,000. Finally, Signaturefd LLC increased its stake in shares of Taseko Mines by 21.9% in the third quarter. Signaturefd LLC now owns 46,808 shares of the company’s stock valued at $118,000 after buying an additional 8,397 shares during the period. 17.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. National Bank Financial upgraded Taseko Mines from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 10th. StockNews.com raised shares of Taseko Mines from a “sell” rating to a “hold” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $3.50.

Taseko Mines Stock Performance

Shares of TGB stock opened at $2.02 on Tuesday. Taseko Mines Limited has a fifty-two week low of $1.27 and a fifty-two week high of $3.15. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.05 and a current ratio of 1.71. The stock has a 50 day simple moving average of $2.03 and a two-hundred day simple moving average of $2.19. The company has a market cap of $615.17 million, a P/E ratio of 11.88 and a beta of 1.72.

Taseko Mines (NYSE:TGB) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company had revenue of $114.08 million during the quarter, compared to the consensus estimate of $112.48 million. Taseko Mines had a net margin of 12.69% and a return on equity of 15.25%. Research analysts forecast that Taseko Mines Limited will post 0.14 earnings per share for the current year.

About Taseko Mines

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company’s principal asset comprises 100% interest owned the Gibraltar mine located in British Columbia. It also holds interest in the Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.