Taseko Mines Limited (TGB) Shares Bought by Impala Asset Management LLC
Impala Asset Management LLC increased its holdings in shares of Taseko Mines Limited (NYSEAMERICAN:TGB) (TSE:TKO) by 13.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,279,191 shares of the mining company’s stock after purchasing an additional 395,927 shares during the quarter. Impala Asset Management LLC owned approximately 1.45% of Taseko Mines worth $6,067,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. QS Investors LLC purchased a new stake in shares of Taseko Mines during the second quarter worth about $142,000. Stifel Financial Corp purchased a new stake in shares of Taseko Mines during the third quarter worth about $168,000. Wells Fargo & Company MN grew its position in shares of Taseko Mines by 342.5% during the third quarter. Wells Fargo & Company MN now owns 103,550 shares of the mining company’s stock worth $191,000 after purchasing an additional 80,150 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Taseko Mines during the first quarter worth about $192,000. Finally, Cavalier Investments LLC purchased a new stake in shares of Taseko Mines during the third quarter worth about $260,000.
Shares of Taseko Mines Limited (NYSEAMERICAN TGB) remained flat at $$2.16 during mid-day trading on Tuesday. The company had a trading volume of 912,100 shares, compared to its average volume of 937,465. Taseko Mines Limited has a twelve month low of $0.67 and a twelve month high of $2.46.
TGB has been the subject of a number of research reports. Zacks Investment Research raised Taseko Mines from a “hold” rating to a “buy” rating and set a $2.25 price target for the company in a research note on Tuesday, September 5th. BidaskClub raised Taseko Mines from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 7th. Finally, TheStreet raised Taseko Mines from a “d+” rating to a “c-” rating in a research note on Wednesday, October 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Taseko Mines presently has a consensus rating of “Buy” and a consensus target price of $2.50.
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Taseko Mines Company Profile
Taseko Mines Limited is a mining company. The Company is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada and the State of Arizona, the United States. Its projects represent a range of metals, including gold, copper and niobium.
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