Connor Clark & Lunn Investment Management Ltd. increased its position in Taseko Mines Limited (NYSE:TGB - Free Report) by 52.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,301,466 shares of the company's stock after acquiring an additional 3,217,385 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 3.05% of Taseko Mines worth $18,095,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Abacus Wealth Partners LLC acquired a new stake in Taseko Mines in the fourth quarter valued at $29,000. Quantinno Capital Management LP acquired a new stake in Taseko Mines in the 3rd quarter valued at about $38,000. Capstone Investment Advisors LLC purchased a new position in Taseko Mines during the 3rd quarter valued at about $56,000. Prairiewood Capital LLC acquired a new position in Taseko Mines during the fourth quarter worth about $76,000. Finally, Callan Family Office LLC purchased a new stake in shares of Taseko Mines in the fourth quarter valued at about $106,000. 17.94% of the stock is owned by hedge funds and other institutional investors.
Taseko Mines Trading Up 3.0 %
TGB stock traded up $0.07 during midday trading on Monday, hitting $2.40. The stock had a trading volume of 19,918,332 shares, compared to its average volume of 4,163,041. Taseko Mines Limited has a 12-month low of $1.77 and a 12-month high of $3.15. The firm has a market cap of $745.23 million, a PE ratio of -80.00 and a beta of 1.61. The company's 50-day moving average price is $2.06 and its 200 day moving average price is $2.15. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05.
Analyst Ratings Changes
Several research analysts recently issued reports on the company. StockNews.com downgraded Taseko Mines from a "hold" rating to a "sell" rating in a research report on Friday, February 21st. National Bank Financial raised Taseko Mines from a "sector perform" rating to an "outperform" rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $3.50.
Read Our Latest Research Report on Taseko Mines
About Taseko Mines
(
Free Report)
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.
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