Millennium Management LLC Boosts Stock Position in Taseko Mines Limited (NYSE:TGB)

Millennium Management LLC grew its stake in shares of Taseko Mines Limited (NYSE:TGB - Free Report) by 105.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,174,453 shares of the company's stock after acquiring an additional 601,684 shares during the quarter. Millennium Management LLC owned about 0.39% of Taseko Mines worth $2,279,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

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

Taseko Mines Stock Performance

Shares of Taseko Mines stock traded up $0.13 during trading on Thursday, hitting $2.60. 15,018,577 shares of the company's stock traded hands, compared to its average volume of 6,326,924. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05. Taseko Mines Limited has a 1 year low of $1.67 and a 1 year high of $2.71. The stock has a market capitalization of $821.28 million, a P/E ratio of -86.67 and a beta of 1.34. The business has a 50-day simple moving average of $2.11 and a 200-day simple moving average of $2.09.

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.