Acuitas Investments LLC Has $1.39 Million Stake in Taseko Mines Limited (NYSE:TGB)

Acuitas Investments LLC trimmed its holdings in shares of Taseko Mines Limited (NYSE:TGB) by 71.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 565,265 shares of the company’s stock after selling 1,380,741 shares during the period. Acuitas Investments LLC owned 0.19% of Taseko Mines worth $1,385,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Keystone Wealth Services LLC acquired a new position in shares of Taseko Mines in the 2nd quarter valued at $37,000. Private Wealth Management Group LLC bought a new position in Taseko Mines during the fourth quarter worth about $38,000. CANADA LIFE ASSURANCE Co grew its position in shares of Taseko Mines by 1,135.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 142,436 shares of the company’s stock worth $306,000 after buying an additional 130,905 shares during the period. Quantbot Technologies LP bought a new stake in shares of Taseko Mines in the 1st quarter valued at about $307,000. Finally, Herr Investment Group LLC acquired a new stake in shares of Taseko Mines in the 1st quarter valued at approximately $326,000. 17.94% of the stock is owned by institutional investors.

Taseko Mines Price Performance

Shares of Taseko Mines stock opened at $1.99 on Friday. The company has a market capitalization of $582.22 million, a P/E ratio of 8.27 and a beta of 1.74. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.09 and a quick ratio of 1.34. The business has a 50-day moving average of $2.24 and a two-hundred day moving average of $2.28. Taseko Mines Limited has a 1 year low of $1.05 and a 1 year high of $3.15.

Taseko Mines (NYSE:TGB) last posted its earnings results on Wednesday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.10. Taseko Mines had a return on equity of 18.82% and a net margin of 13.07%. The business had revenue of $100.66 million during the quarter, compared to analysts’ expectations of $88.01 million. As a group, equities analysts predict that Taseko Mines Limited will post 0.18 EPS for the current year.

Analyst Ratings Changes

Separately, Cantor Fitzgerald raised shares of Taseko Mines to a “strong-buy” rating in a research note on Thursday, June 13th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Taseko Mines currently has an average rating of “Buy” and a consensus price target of $3.50.

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.