Bank of Montreal Can Buys 2,364,116 Shares of Taseko Mines Limited (NYSE:TGB)

Bank of Montreal Can boosted its stake in Taseko Mines Limited (NYSE:TGB - Free Report) by 296.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,160,574 shares of the company's stock after buying an additional 2,364,116 shares during the quarter. Bank of Montreal Can owned approximately 1.05% of Taseko Mines worth $8,225,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Keystone Wealth Services LLC purchased a new stake in shares of Taseko Mines during the 2nd quarter worth approximately $37,000. SG Americas Securities LLC bought a new stake in shares of Taseko Mines in the third quarter valued at $38,000. Ballentine Partners LLC purchased a new position in shares of Taseko Mines during the 3rd quarter valued at $42,000. Signaturefd LLC boosted its position in Taseko Mines by 21.9% during the third quarter. Signaturefd LLC now owns 46,808 shares of the company's stock worth $118,000 after purchasing an additional 8,397 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in Taseko Mines in the 2nd quarter valued at approximately $157,000. 17.94% of the stock is currently owned by institutional investors.

Taseko Mines Price Performance

NYSE:TGB traded up $0.05 during mid-day trading on Tuesday, hitting $2.05. 1,989,334 shares of the stock traded hands, compared to its average volume of 2,999,862. The business's 50-day moving average price is $2.30 and its 200 day moving average price is $2.32. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48. The company has a market cap of $622.74 million, a PE ratio of 10.76 and a beta of 1.72. Taseko Mines Limited has a 12-month low of $1.15 and a 12-month high of $3.15.

Taseko Mines (NYSE:TGB - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). Taseko Mines had a return on equity of 15.25% and a net margin of 12.69%. The business had revenue of $114.08 million during the quarter, compared to analysts' expectations of $112.48 million. On average, analysts expect that Taseko Mines Limited will post 0.16 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com lowered Taseko Mines from a "hold" rating to a "sell" rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $3.50.

About Taseko Mines

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.