BNP Paribas Financial Markets Has $134,000 Stake in Taseko Mines Limited (NYSE:TGB)

BNP Paribas Financial Markets lifted its position in Taseko Mines Limited (NYSE:TGB) by 272.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,142 shares of the company’s stock after acquiring an additional 38,876 shares during the period. BNP Paribas Financial Markets’ holdings in Taseko Mines were worth $134,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TGB. SG Americas Securities LLC acquired a new position in shares of Taseko Mines in the 3rd quarter valued at $38,000. Ballentine Partners LLC acquired a new position in Taseko Mines in the third quarter valued at about $42,000. Signaturefd LLC increased its holdings in shares of Taseko Mines by 21.9% in the third quarter. Signaturefd LLC now owns 46,808 shares of the company’s stock worth $118,000 after acquiring an additional 8,397 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Taseko Mines during the 3rd quarter valued at about $128,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Taseko Mines in the 2nd quarter valued at approximately $157,000. Institutional investors and hedge funds own 17.94% of the company’s stock.

Wall Street Analysts Forecast Growth

TGB has been the topic of several research analyst reports. StockNews.com upgraded shares of Taseko Mines from a “sell” rating to a “hold” rating in a report on Wednesday, December 11th. National Bank Financial raised shares of Taseko Mines from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $3.50.

Taseko Mines Trading Down 5.0 %

NYSE TGB opened at $1.92 on Thursday. The stock has a market capitalization of $584.68 million, a price-to-earnings ratio of 10.11 and a beta of 1.72. Taseko Mines Limited has a 52 week low of $1.27 and a 52 week high of $3.15. The stock’s 50 day moving average price is $2.19 and its two-hundred day moving average price is $2.26. 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 (NYSE:TGB) last released its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Taseko Mines had a net margin of 12.69% and a return on equity of 15.25%. The business had revenue of $114.08 million during the quarter, compared to the consensus estimate of $112.48 million. As a group, analysts anticipate that Taseko Mines Limited will post 0.14 earnings per share for the current fiscal year.

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.