Callan Family Office LLC Purchases New Holdings in Taseko Mines Limited (NYSE:TGB)

Callan Family Office LLC purchased a new stake in shares of Taseko Mines Limited (NYSE:TGB) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 54,530 shares of the company’s stock, valued at approximately $106,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Aigen Investment Management LP bought a new position in Taseko Mines in the 3rd quarter worth about $199,000. Anthracite Investment Company Inc. grew its stake in Taseko Mines by 6.5% in the 3rd quarter. Anthracite Investment Company Inc. now owns 1,579,460 shares of the company’s stock worth $3,980,000 after acquiring an additional 96,000 shares in the last quarter. Bank of Montreal Can grew its stake in Taseko Mines by 296.8% in the 3rd quarter. Bank of Montreal Can now owns 3,160,574 shares of the company’s stock worth $8,225,000 after acquiring an additional 2,364,116 shares in the last quarter. Quantbot Technologies LP bought a new position in Taseko Mines in the 3rd quarter worth about $128,000. Finally, BNP Paribas Financial Markets grew its stake in Taseko Mines by 272.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 53,142 shares of the company’s stock worth $134,000 after acquiring an additional 38,876 shares in the last quarter. 17.94% of the stock is currently owned by institutional investors.

Taseko Mines Price Performance

NYSE TGB opened at $2.06 on Wednesday. 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 firm’s 50 day moving average price is $2.05 and its 200-day moving average price is $2.14. Taseko Mines Limited has a 52-week low of $1.71 and a 52-week high of $3.15. The company has a market cap of $639.65 million, a PE ratio of -68.67 and a beta of 1.61.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Taseko Mines from a “hold” rating to a “sell” rating in a research note on Friday, February 21st. National Bank Financial upgraded shares of Taseko Mines from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3.50.

Taseko Mines Company Profile

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.