Anthracite Investment Company Inc. Purchases 80,000 Shares of Taseko Mines Limited (NYSE:TGB)

Anthracite Investment Company Inc. increased its position in Taseko Mines Limited (NYSE:TGB) by 5.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,659,460 shares of the company’s stock after acquiring an additional 80,000 shares during the quarter. Taseko Mines comprises 1.1% of Anthracite Investment Company Inc.’s investment portfolio, making the stock its 23rd largest holding. Anthracite Investment Company Inc.’s holdings in Taseko Mines were worth $3,219,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TGB. LPL Financial LLC purchased a new stake in shares of Taseko Mines during the 4th quarter valued at approximately $70,000. American Century Companies Inc. boosted its holdings in shares of Taseko Mines by 16.8% in the fourth quarter. American Century Companies Inc. now owns 822,551 shares of the company’s stock worth $1,602,000 after acquiring an additional 118,597 shares during the period. Virtu Financial LLC purchased a new stake in Taseko Mines during the 4th quarter worth about $96,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Taseko Mines by 52.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,301,466 shares of the company’s stock valued at $18,095,000 after buying an additional 3,217,385 shares during the period. Finally, Callan Family Office LLC purchased a new stake in shares of Taseko Mines in the fourth quarter worth about $106,000. 17.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TGB has been the topic of a number of analyst reports. StockNews.com lowered shares of Taseko Mines from a “hold” rating to a “sell” rating in a report on Friday, February 21st. National Bank Financial upgraded shares of Taseko Mines from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Taseko Mines currently has an average rating of “Moderate Buy” and a consensus target price of $3.50.

Taseko Mines Stock Up 4.1 %

Shares of NYSE TGB opened at $2.52 on Wednesday. The business has a 50-day moving average of $2.12 and a 200-day moving average of $2.16. The firm has a market capitalization of $782.49 million, a price-to-earnings ratio of -84.00 and a beta of 1.61. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48. Taseko Mines Limited has a 12 month low of $1.77 and a 12 month high of $3.15.

Taseko Mines 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.