Cibc World Market Inc. Has $343,000 Stake in Taseko Mines Limited (NYSEAMERICAN:TGB)

Cibc World Market Inc. lowered its stake in shares of Taseko Mines Limited (NYSEAMERICAN:TGBGet Rating) (TSE:TKO) by 33.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 313,583 shares of the mining company’s stock after selling 159,908 shares during the quarter. Cibc World Market Inc.’s holdings in Taseko Mines were worth $343,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cahaba Wealth Management Inc. bought a new stake in Taseko Mines in the 2nd quarter worth about $31,000. OLD Mission Capital LLC bought a new stake in Taseko Mines in the 2nd quarter worth about $31,000. Shell Asset Management Co. bought a new stake in Taseko Mines in the 2nd quarter worth about $33,000. Centaurus Financial Inc. bought a new stake in Taseko Mines in the 1st quarter worth about $41,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in Taseko Mines by 148.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 36,450 shares of the mining company’s stock worth $83,000 after purchasing an additional 21,790 shares in the last quarter. 20.95% of the stock is owned by institutional investors.

Taseko Mines Price Performance

Shares of NYSEAMERICAN:TGB opened at $1.38 on Thursday. The firm has a market capitalization of $395.20 million, a PE ratio of 13.80 and a beta of 2.21. Taseko Mines Limited has a one year low of $0.89 and a one year high of $2.41. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.49 and a current ratio of 3.26.

Wall Street Analyst Weigh In

TGB has been the subject of a number of research reports. BMO Capital Markets reduced their target price on shares of Taseko Mines from C$2.75 to C$2.50 in a research report on Tuesday, August 9th. Canaccord Genuity Group started coverage on shares of Taseko Mines in a research note on Tuesday. They set a “buy” rating on the stock. National Bank Financial upped their price target on shares of Taseko Mines from C$1.75 to C$2.00 in a research note on Thursday, October 13th. Stifel Nicolaus lowered their target price on shares of Taseko Mines from C$2.50 to C$2.40 in a research note on Friday, November 4th. Finally, Scotiabank increased their target price on shares of Taseko Mines from C$1.75 to C$2.00 in a research note on Thursday, October 13th.

Taseko Mines Company Profile

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Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds 75% interest in the Gibraltar mine located in British Columbia. It also holds 100% interest in 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.

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Institutional Ownership by Quarter for Taseko Mines (NYSEAMERICAN:TGB)

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