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

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

A number of other hedge funds have also made changes to their positions in TGB. Raymond James Financial Inc. purchased a new position in Taseko Mines during the 4th quarter worth approximately $1,070,000. Callan Family Office LLC purchased a new position in Taseko Mines during the 4th quarter worth approximately $106,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Taseko Mines by 52.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,301,466 shares of the company's stock worth $18,095,000 after buying an additional 3,217,385 shares during the last quarter. Virtu Financial LLC purchased a new position in Taseko Mines during the 4th quarter worth approximately $96,000. Finally, American Century Companies Inc. grew its stake in Taseko Mines by 16.8% during the 4th quarter. American Century Companies Inc. now owns 822,551 shares of the company's stock worth $1,602,000 after buying an additional 118,597 shares during the last quarter. Hedge funds and other institutional investors own 17.94% of the company's stock.

Taseko Mines Stock Performance

NYSE:TGB traded up $0.08 during mid-day trading on Monday, reaching $2.88. 10,193,368 shares of the stock were exchanged, compared to its average volume of 6,927,242. The company has a 50 day simple moving average of $2.35 and a 200-day simple moving average of $2.17. The stock has a market capitalization of $909.72 million, a P/E ratio of -96.00 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. Taseko Mines Limited has a 1 year low of $1.67 and a 1 year high of $3.14.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Taseko Mines from a "hold" rating to a "sell" rating in a research note 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.