Taseko Mines Limited $TGB Shares Purchased by UBS Group AG

UBS Group AG boosted its stake in Taseko Mines Limited (NYSEAMERICAN:TGB) by 249.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 808,856 shares of the company’s stock after buying an additional 577,352 shares during the period. UBS Group AG owned 0.22% of Taseko Mines worth $4,578,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Intact Investment Management Inc. increased its position in Taseko Mines by 17.8% in the third quarter. Intact Investment Management Inc. now owns 1,035,500 shares of the company’s stock worth $4,390,000 after buying an additional 156,200 shares during the period. PCJ Investment Counsel Ltd. acquired a new stake in Taseko Mines in the third quarter worth $3,080,000. Montrusco Bolton Investments Inc. acquired a new stake in Taseko Mines in the third quarter worth $12,260,000. Mudita Advisors LLP grew its stake in shares of Taseko Mines by 75.4% in the third quarter. Mudita Advisors LLP now owns 2,788,401 shares of the company’s stock worth $11,795,000 after purchasing an additional 1,198,700 shares in the last quarter. Finally, Alps Advisors Inc. grew its stake in shares of Taseko Mines by 40.1% in the third quarter. Alps Advisors Inc. now owns 573,846 shares of the company’s stock worth $2,427,000 after purchasing an additional 164,348 shares in the last quarter. 17.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TGB. TD Securities reissued a “buy” rating on shares of Taseko Mines in a research note on Monday, February 23rd. Cantor Fitzgerald raised 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. Zacks Research cut Taseko Mines from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 16th. Finally, Canaccord Genuity Group increased their price target on Taseko Mines from C$13.50 to C$14.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Taseko Mines currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.00.

Taseko Mines Trading Down 0.2%

NYSEAMERICAN:TGB opened at $6.57 on Friday. Taseko Mines Limited has a 1 year low of $2.06 and a 1 year high of $9.25. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 219.07 and a beta of 1.26. The business has a fifty day moving average of $6.91 and a 200-day moving average of $6.55. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.76 and a current ratio of 1.37.

Taseko Mines Company Profile

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.