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

Millennium Management LLC lifted its holdings in shares of Taseko Mines Limited (NYSE:TGB - Free Report) by 105.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,174,453 shares of the company's stock after purchasing an additional 601,684 shares during the period. Millennium Management LLC owned about 0.39% of Taseko Mines worth $2,279,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 purchasing an additional 297,403 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of 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 valued at $18,095,000 after buying an additional 3,217,385 shares during the last quarter. 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 hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Taseko Mines Stock Performance

Shares of TGB stock traded down $0.02 during trading on Tuesday, reaching $2.39. 10,876,690 shares of the company's stock traded hands, compared to its average volume of 6,267,681. The company has a market capitalization of $754.94 million, a P/E ratio of -79.67 and a beta of 1.41. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48. The firm's 50-day moving average is $2.10 and its 200 day moving average is $2.08. Taseko Mines Limited has a 1 year low of $1.67 and a 1 year high of $2.73.

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.