Bank of Montreal Can Decreases Position in Taseko Mines Limited (NYSE:TGB)

Bank of Montreal Can trimmed its holdings in Taseko Mines Limited (NYSE:TGB - Free Report) by 12.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,764,143 shares of the company's stock after selling 396,431 shares during the period. Bank of Montreal Can owned 0.91% of Taseko Mines worth $5,377,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantinno Capital Management LP acquired a new stake in Taseko Mines in the 3rd quarter valued at about $38,000. Abacus Wealth Partners LLC purchased a new stake in shares of Taseko Mines in the fourth quarter valued at approximately $29,000. Envestnet Asset Management Inc. acquired a new stake in shares of Taseko Mines in the fourth quarter valued at approximately $62,000. LPL Financial LLC purchased a new position in Taseko Mines during the fourth quarter worth approximately $70,000. Finally, Prairiewood Capital LLC purchased a new stake in Taseko Mines in the 4th quarter valued at $76,000. 17.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Taseko Mines from a "sell" rating to a "hold" rating in a research report on Friday, April 11th.

Taseko Mines Trading Up 1.9 %

TGB traded up $0.04 during mid-day trading on Friday, hitting $2.12. 15,750,969 shares of the stock were exchanged, compared to its average volume of 5,349,169. The firm's fifty day moving average is $2.15 and its two-hundred day moving average is $2.14. Taseko Mines Limited has a 1-year low of $1.67 and a 1-year high of $3.15. The company has a market cap of $658.52 million, a PE ratio of -70.67 and a beta of 1.48. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48.

Taseko Mines Company 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.