Callan Family Office LLC Buys New Shares in Taseko Mines Limited (NYSE:TGB)

Callan Family Office LLC purchased a new position in Taseko Mines Limited (NYSE:TGB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 54,530 shares of the company’s stock, valued at approximately $106,000.

Several other hedge funds have also bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in Taseko Mines in the 4th quarter worth $1,070,000. Y.D. More Investments Ltd purchased a new stake in Taseko Mines in the 4th quarter worth $195,000. Dakota Wealth Management lifted its stake in Taseko Mines by 5.0% in the 4th quarter. Dakota Wealth Management now owns 480,777 shares of the company’s stock worth $933,000 after purchasing an additional 22,838 shares in the last quarter. Abacus Wealth Partners LLC purchased a new stake in Taseko Mines in the 4th quarter worth $29,000. Finally, Prairiewood Capital LLC purchased a new stake in Taseko Mines in the 4th quarter worth $76,000. Hedge funds and other institutional investors own 17.94% of the company’s stock.

Taseko Mines Stock Up 5.6 %

Shares of NYSE TGB opened at $2.06 on Wednesday. The firm’s 50-day moving average price is $2.05 and its 200-day moving average price is $2.14. 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 stock has a market capitalization of $639.65 million, a price-to-earnings ratio of -68.67 and a beta of 1.61. Taseko Mines Limited has a 12-month low of $1.71 and a 12-month high of $3.15.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TGB. National Bank Financial upgraded shares of Taseko Mines from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 10th. StockNews.com cut shares of Taseko Mines from a “hold” rating to a “sell” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Taseko Mines has a consensus rating of “Moderate Buy” and a consensus target price of $3.50.

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.