Militia Capital Management LLC Buys Shares of 270,500 Taseko Mines Limited $TGB

Militia Capital Management LLC acquired a new position in shares of Taseko Mines Limited (NYSEAMERICAN:TGB) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 270,500 shares of the company’s stock, valued at approximately $1,745,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TGB. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Taseko Mines during the first quarter worth $65,000. Goldman Sachs Group Inc. grew its stake in Taseko Mines by 198.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 988,072 shares of the company’s stock worth $2,213,000 after purchasing an additional 657,477 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Taseko Mines by 10.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,541,741 shares of the company’s stock worth $3,454,000 after purchasing an additional 146,154 shares in the last quarter. Focus Partners Wealth increased its holdings in Taseko Mines by 19.9% during the 1st quarter. Focus Partners Wealth now owns 60,200 shares of the company’s stock worth $135,000 after purchasing an additional 10,000 shares during the period. Finally, Geode Capital Management LLC raised its position in Taseko Mines by 8.0% in the 2nd quarter. Geode Capital Management LLC now owns 179,245 shares of the company’s stock valued at $564,000 after purchasing an additional 13,261 shares in the last quarter. 17.94% of the stock is owned by institutional investors and hedge funds.

Taseko Mines Price Performance

Shares of NYSEAMERICAN TGB opened at $6.77 on Monday. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 225.74 and a beta of 1.31. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.37 and a quick ratio of 0.76. The business has a 50-day moving average of $7.07 and a two-hundred day moving average of $7.24. Taseko Mines Limited has a 1 year low of $2.99 and a 1 year high of $9.25.

Wall Street Analysts Forecast Growth

TGB has been the subject of a number of analyst reports. Canaccord Genuity Group boosted their price objective on Taseko Mines from C$13.50 to C$14.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Zacks Research raised shares of Taseko Mines from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Finally, Cantor Fitzgerald upgraded shares of Taseko Mines from a “buy” rating to a “buy” rating and set a $9.00 price target for the company in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.00.

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.