Anthracite Investment Company Inc. Acquires 80,000 Shares of Taseko Mines Limited (NYSE:TGB)

Anthracite Investment Company Inc. lifted its holdings in shares of Taseko Mines Limited (NYSE:TGB) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,659,460 shares of the company’s stock after acquiring an additional 80,000 shares during the period. Taseko Mines makes up 1.1% of Anthracite Investment Company Inc.’s holdings, making the stock its 23rd biggest holding. Anthracite Investment Company Inc. owned 0.54% of Taseko Mines worth $3,219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantinno Capital Management LP acquired a new position in Taseko Mines during the 3rd quarter valued at about $38,000. Abacus Wealth Partners LLC bought a new position in shares of Taseko Mines in the fourth quarter valued at approximately $29,000. Capstone Investment Advisors LLC purchased a new position in shares of Taseko Mines during the third quarter valued at approximately $56,000. Dakota Wealth Management grew its holdings in Taseko Mines by 5.0% during the fourth quarter. Dakota Wealth Management now owns 480,777 shares of the company’s stock worth $933,000 after buying an additional 22,838 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Taseko Mines by 66.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 67,758 shares of the company’s stock valued at $172,000 after buying an additional 27,043 shares during the last quarter. Institutional investors and hedge funds own 17.94% of the company’s stock.

Taseko Mines Price Performance

Shares of NYSE:TGB opened at $2.52 on Wednesday. The company has a market capitalization of $782.49 million, a P/E ratio of -84.00 and a beta of 1.61. The company’s 50-day moving average is $2.12 and its 200 day moving average is $2.16. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.05 and a current ratio of 1.71. Taseko Mines Limited has a fifty-two week low of $1.77 and a fifty-two week high of $3.15.

Analysts Set New Price Targets

TGB has been the topic of a number of analyst reports. National Bank Financial raised shares of Taseko Mines from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 10th. StockNews.com lowered shares of Taseko Mines from a “hold” rating to a “sell” rating in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company 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.