Intact Investment Management Inc. Makes New Investment in Taseko Mines Limited (NYSE:TGB)

Intact Investment Management Inc. bought a new stake in shares of Taseko Mines Limited (NYSE:TGB - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 171,500 shares of the company's stock, valued at approximately $384,000. Intact Investment Management Inc. owned 0.06% of Taseko Mines as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TGB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Taseko Mines by 2.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,725,601 shares of the company's stock valued at $20,880,000 after purchasing an additional 297,403 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Taseko Mines by 52.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,301,466 shares of the company's stock valued at $18,095,000 after buying an additional 3,217,385 shares during the period. Renaissance Technologies LLC lifted its position in shares of Taseko Mines by 15.6% during the 4th quarter. Renaissance Technologies LLC now owns 6,676,370 shares of the company's stock valued at $12,952,000 after buying an additional 900,400 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Taseko Mines by 16.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,802,466 shares of the company's stock worth $5,449,000 after acquiring an additional 396,883 shares during the period. Finally, Bank of America Corp DE increased its holdings in Taseko Mines by 32.6% in the 4th quarter. Bank of America Corp DE now owns 1,867,965 shares of the company's stock worth $3,624,000 after acquiring an additional 459,226 shares during the last quarter. 17.94% of the stock is owned by institutional investors.

Taseko Mines Stock Performance

TGB traded up $0.23 on Thursday, hitting $3.15. The company's stock had a trading volume of 16,286,197 shares, compared to its average volume of 7,048,045. Taseko Mines Limited has a 12 month low of $1.67 and a 12 month high of $3.18. The firm has a market cap of $995.10 million, a P/E ratio of -105.00 and a beta of 1.34. 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 company's 50 day simple moving average is $2.40 and its 200-day simple moving average is $2.19.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Taseko Mines from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th.

About Taseko Mines

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.