Dakota Wealth Management Purchases 22,838 Shares of Taseko Mines Limited (NYSE:TGB)

Dakota Wealth Management boosted its position in Taseko Mines Limited (NYSE:TGB) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 480,777 shares of the company’s stock after acquiring an additional 22,838 shares during the quarter. Dakota Wealth Management owned 0.16% of Taseko Mines worth $933,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TGB. Dynamic Advisor Solutions LLC increased its stake in shares of Taseko Mines by 7.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 103,682 shares of the company’s stock valued at $261,000 after purchasing an additional 7,070 shares during the last quarter. Signaturefd LLC grew its position in 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 acquiring an additional 8,397 shares during the last quarter. Quantinno Capital Management LP acquired a new position in Taseko Mines during the third quarter worth about $38,000. Abacus Wealth Partners LLC bought a new position in shares of Taseko Mines in the fourth quarter worth about $29,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Taseko Mines in the 3rd quarter valued at approximately $38,000. 17.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on TGB. StockNews.com raised shares of Taseko Mines from a “sell” rating to a “hold” rating in a research note on Wednesday, December 11th. National Bank Financial raised Taseko Mines from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 10th. One 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $3.50.

Taseko Mines Stock Up 0.5 %

NYSE:TGB opened at $1.99 on Friday. 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 one year low of $1.33 and a one year high of $3.15. The firm’s 50 day simple moving average is $2.02 and its 200 day simple moving average is $2.18. The company has a market cap of $606.03 million, a PE ratio of 10.47 and a beta of 1.72.

Taseko Mines (NYSE:TGB) last issued 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 business had revenue of $114.08 million during the quarter, compared to the consensus estimate of $112.48 million. Taseko Mines had a return on equity of 15.25% and a net margin of 12.69%. On average, research analysts anticipate 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.