Bank of America Corp DE boosted its stake in shares of Taseko Mines Limited (NYSEAMERICAN:TGB - Free Report) by 215.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,577,781 shares of the company's stock after purchasing an additional 3,125,829 shares during the period. Bank of America Corp DE owned 1.25% of Taseko Mines worth $29,527,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the stock. L1 Capital Pty Ltd raised its stake in shares of Taseko Mines by 45.2% during the 4th quarter. L1 Capital Pty Ltd now owns 35,545,632 shares of the company's stock worth $201,190,000 after purchasing an additional 11,066,233 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Taseko Mines by 11.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,126,773 shares of the company's stock valued at $34,376,000 after buying an additional 854,016 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Taseko Mines by 78.6% in the fourth quarter. Mackenzie Financial Corp now owns 6,350,898 shares of the company's stock valued at $35,818,000 after buying an additional 2,794,210 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Taseko Mines by 4.9% in the first quarter. Renaissance Technologies LLC now owns 5,682,070 shares of the company's stock valued at $36,649,000 after buying an additional 267,640 shares in the last quarter. Finally, Mudita Advisors LLP increased its holdings in Taseko Mines by 57.4% during the fourth quarter. Mudita Advisors LLP now owns 4,388,401 shares of the company's stock worth $24,838,000 after buying an additional 1,600,000 shares during the last quarter. 17.94% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several analysts have issued reports on TGB shares. Canaccord Genuity Group upped their price target on shares of Taseko Mines from C$13.50 to C$14.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. Cantor Fitzgerald raised shares of Taseko Mines from a "buy" rating to a "buy" rating and set a $9.00 price objective for the company in a research report on Thursday, May 7th. Finally, Zacks Research upgraded shares of Taseko Mines from a "strong sell" rating to a "hold" rating in a research note on Monday, June 15th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Taseko Mines currently has an average rating of "Moderate Buy" and an average price target of $9.00.
Read Our Latest Stock Analysis on TGB
Taseko Mines Stock Performance
TGB opened at $8.35 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.85. Taseko Mines Limited has a 12-month low of $3.01 and a 12-month high of $9.25. The business has a 50 day moving average of $7.25 and a 200-day moving average of $7.32. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 417.71 and a beta of 1.31.
About Taseko Mines
(
Free Report)
Taseko Mines Ltd. is a Vancouver‐based mining company primarily engaged in the exploration, development and production of copper‐based projects. Its flagship operation is the Gibraltar copper mine in central British Columbia, which ranks among Canada’s largest open pit copper producers. In addition to copper, Gibraltar yields byproducts such as molybdenum and silver, reflecting Taseko’s focus on base and precious metals.
Beyond Gibraltar, Taseko holds two advanced development assets.
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