Connor Clark & Lunn Investment Management Ltd. Sells 789,410 Shares of Taseko Mines Limited (NYSE:TGB)

Connor Clark & Lunn Investment Management Ltd. reduced its position in shares of Taseko Mines Limited (NYSE:TGB - Free Report) by 11.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,084,081 shares of the company's stock after selling 789,410 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 2.03% of Taseko Mines worth $15,428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dakota Wealth Management grew its position in shares of Taseko Mines by 1.5% in the 3rd quarter. Dakota Wealth Management now owns 457,939 shares of the company's stock valued at $1,154,000 after purchasing an additional 6,973 shares during the period. Dynamic Advisor Solutions LLC raised its stake in Taseko Mines by 7.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 103,682 shares of the company's stock valued at $261,000 after acquiring an additional 7,070 shares during the period. Signaturefd LLC raised its stake in Taseko Mines by 21.9% in the 3rd quarter. Signaturefd LLC now owns 46,808 shares of the company's stock valued at $118,000 after acquiring an additional 8,397 shares during the period. Keystone Wealth Services LLC bought a new stake in Taseko Mines in the 2nd quarter valued at $37,000. Finally, SG Americas Securities LLC bought a new position in Taseko Mines during the 3rd quarter worth $38,000. 17.94% of the stock is owned by institutional investors.

Taseko Mines Price Performance

Shares of TGB traded up $0.01 during trading hours on Thursday, hitting $2.09. 115,133 shares of the company were exchanged, compared to its average volume of 3,025,743. The company has a market cap of $627.42 million, a price-to-earnings ratio of 10.92 and a beta of 1.77. Taseko Mines Limited has a fifty-two week low of $1.14 and a fifty-two week high of $3.15. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48. The firm's fifty day moving average is $2.33 and its 200 day moving average is $2.36.

Taseko Mines (NYSE:TGB - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). Taseko Mines had a net margin of 12.69% and a return on equity of 15.25%. The firm had revenue of $114.08 million during the quarter, compared to the consensus estimate of $112.48 million. On average, equities analysts anticipate that Taseko Mines Limited will post 0.16 earnings per share for the current fiscal year.

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.