Cfs LLC held its stake in Taseko Mines Ltd (NYSE:TGB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 209,900 shares of the mining company’s stock at the end of the second quarter. Taseko Mines comprises approximately 100.0% of Cfs LLC’s investment portfolio, making the stock its largest position. Cfs LLC’s holdings in Taseko Mines were worth $102,000 as of its most recent SEC filing.
Separately, Renaissance Technologies LLC raised its position in shares of Taseko Mines by 21.0% in the first quarter. Renaissance Technologies LLC now owns 2,067,900 shares of the mining company’s stock worth $1,166,000 after buying an additional 358,700 shares during the period.
Shares of Taseko Mines Ltd (NYSE:TGB) traded down 1.8121% during midday trading on Thursday, reaching $0.4389. 76,012 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $0.46 and its 200 day moving average price is $0.52. The stock’s market capitalization is $97.36 million. Taseko Mines Ltd has a 1-year low of $0.23 and a 1-year high of $0.70.
Taseko Mines (NYSE:TGB) last posted its earnings results on Tuesday, July 26th. The mining company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.02. The business had revenue of $55.01 million for the quarter, compared to the consensus estimate of $62 million. Taseko Mines’s revenue was down 40.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 EPS. On average, equities analysts predict that Taseko Mines Ltd will post ($0.21) earnings per share for the current fiscal year.
TGB has been the topic of a number of research reports. Zacks Investment Research raised shares of Taseko Mines from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. Scotiabank reissued a “sector perform” rating and set a $0.80 price objective on shares of Taseko Mines in a report on Thursday, July 28th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Taseko Mines currently has an average rating of “Hold” and a consensus price target of $0.78.
About Taseko Mines
Taseko Mines Limited is a mining company. The Company is 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 operating asset is the Gibraltar Mine, a copper mine located in central British Columbia.