Acuitas Investments LLC Sells 90,760 Shares of Taseko Mines Limited (NYSE:TGB)

Acuitas Investments LLC cut its holdings in shares of Taseko Mines Limited (NYSE:TGB) by 12.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 666,486 shares of the company’s stock after selling 90,760 shares during the period. Acuitas Investments LLC owned approximately 0.22% of Taseko Mines worth $1,293,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dakota Wealth Management increased its holdings in Taseko Mines by 1.5% during the third quarter. Dakota Wealth Management now owns 457,939 shares of the company’s stock worth $1,154,000 after buying an additional 6,973 shares during the last quarter. Signaturefd LLC grew its holdings in Taseko Mines by 21.9% during the 3rd quarter. Signaturefd LLC now owns 46,808 shares of the company’s stock valued at $118,000 after buying an additional 8,397 shares in the last quarter. Quantinno Capital Management LP bought a new stake in Taseko Mines during the 3rd quarter worth approximately $38,000. Abacus Wealth Partners LLC bought a new position in shares of Taseko Mines in the fourth quarter worth $29,000. Finally, SG Americas Securities LLC bought a new stake in Taseko Mines during the third quarter valued at approximately $38,000. 17.94% of the stock is owned by hedge funds and other institutional investors.

Taseko Mines Stock Down 1.8 %

Shares of NYSE:TGB opened at $2.18 on Tuesday. The company has a market cap of $664.18 million, a price-to-earnings ratio of 11.77 and a beta of 1.70. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48. The company has a 50-day moving average price of $2.02 and a 200 day moving average price of $2.15. Taseko Mines Limited has a 12 month low of $1.44 and a 12 month high of $3.15.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TGB shares. StockNews.com upgraded shares of Taseko Mines from a “sell” rating to a “hold” rating in a report on Wednesday, December 11th. National Bank Financial raised 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 hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price 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.