Cfs Exits Position in Taseko Mines Ltd (USA) (TGB)

Taseko Mines Ltd (USA) (TGB) : Cfs has sold out all of its stake in Taseko Mines Ltd (USA) during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 209,900 shares of Taseko Mines Ltd (USA) which is valued at $118,174.

Other Hedge Funds, Including , Tower Research Capital (trc) boosted its stake in TGB in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 2,900 shares of Taseko Mines Ltd (USA) which is valued at $1,346.Ifp Advisors Inc boosted its stake in TGB in the latest quarter, The investment management firm added 12,000 additional shares and now holds a total of 24,500 shares of Taseko Mines Ltd (USA) which is valued at $11,025.Peak Asset Management boosted its stake in TGB in the latest quarter, The investment management firm added 10,000 additional shares and now holds a total of 101,000 shares of Taseko Mines Ltd (USA) which is valued at $45,450. Taseko Mines Ltd (USA) makes up approx 0.01% of Peak Asset Management’s portfolio.

Taseko Mines Ltd (USA) closed down -0.0183 points or -3.51% at $0.5031 with 3,40,233 shares getting traded on Monday. Post opening the session at $0.526, the shares hit an intraday low of $0.4936 and an intraday high of $0.545 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Taseko Mines Ltd (USA) reported $-0.07 EPS for the quarter, based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus estimate of $-0.07. The company had revenue of $56.00 million for the quarter, compared to analysts expectations of $68.72 million. The company’s revenue was down -30.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.01 EPS.

Taseko Mines Ltd. is a Canada-based mining company. The Company is engaged in acquiring developing and operating large tonnage mineral deposits. Its asset is the 75% owned Gibraltar Mine a copper/molybdenum mine located in central British Columbia. It owns the Florence copper project and also owns the New Prosperity gold-copper Aley niobium and Harmony gold projects. The Company owns a 100% interest in the Florence Copper project though the acquisition of Curis Resources Ltd. The Company owns a 100% interest in the Aley Niobium Project. The Prosperity deposit is a gold-copper porphyry with a one billion tons measured and indicated resource containing approximately 5.3 billion pounds of copper and 13.3 million ounces of gold. Harmony is a gold project located on Graham Island off British Columbia’s west coast with deposits of approximately 64 million tons of 1.35 ounces per ton gold. The Harmony site covers approximately 177 square kilometers and consists of 58 mineral claims.

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