Montrusco Bolton Investments Inc. Lowers Stock Position in Taseko Mines Limited $TGB

Key Points

• Montrusco Bolton cut its stake in Taseko Mines by 15.1% in Q4, selling 436,591 shares and now holds 2,454,659 shares (about 0.68%) valued at roughly $13.9 million.
• Other institutions boosted positions — notably L1 Capital now owns 24.48 million shares (~$107.7M) — and total institutional ownership stands at 17.94%.
• Analysts are mixed but generally positive: three Buy vs one Sell gives a consensus of "Moderate Buy" with an average target of $5.00, while individual calls range from Canaccord's C$14 target to Zacks' downgrade to "strong sell."

Montrusco Bolton Investments Inc. lessened its holdings in shares of Taseko Mines Limited (NYSEAMERICAN:TGB - Free Report) by 15.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,454,659 shares of the company's stock after selling 436,591 shares during the quarter. Montrusco Bolton Investments Inc. owned about 0.68% of Taseko Mines worth $13,914,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. L1 Capital Pty Ltd lifted its position in shares of Taseko Mines by 18.4% during the third quarter. L1 Capital Pty Ltd now owns 24,479,399 shares of the company's stock worth $107,709,000 after purchasing an additional 3,797,792 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Taseko Mines by 11.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,126,773 shares of the company's stock worth $34,376,000 after purchasing an additional 854,016 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Taseko Mines by 121.7% during the third quarter. Mackenzie Financial Corp now owns 3,556,688 shares of the company's stock worth $15,075,000 after purchasing an additional 1,952,116 shares in the last quarter. Mudita Advisors LLP lifted its position in shares of Taseko Mines by 75.4% during the third quarter. Mudita Advisors LLP now owns 2,788,401 shares of the company's stock worth $11,795,000 after purchasing an additional 1,198,700 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Taseko Mines by 67.0% during the second quarter. Bank of America Corp DE now owns 1,868,650 shares of the company's stock worth $5,886,000 after purchasing an additional 749,390 shares in the last quarter. Institutional investors and hedge funds own 17.94% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. TD Securities reissued a "buy" rating on shares of Taseko Mines in a research report on Monday, February 23rd. Canaccord Genuity Group increased 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. BMO Capital Markets reissued an "outperform" rating on shares of Taseko Mines in a research report on Wednesday, January 14th. Finally, Zacks Research cut shares of Taseko Mines from a "hold" rating to a "strong sell" rating in a research report on Thursday, April 16th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Taseko Mines currently has an average rating of "Moderate Buy" and a consensus target price of $5.00.

Taseko Mines Stock Up 0.6%

Shares of NYSEAMERICAN:TGB opened at $7.20 on Friday. The firm's 50 day moving average price is $7.21 and its 200 day moving average price is $6.17. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of -102.84 and a beta of 1.32. Taseko Mines Limited has a fifty-two week low of $1.89 and a fifty-two week high of $9.25. The company has a quick ratio of 0.92, a current ratio of 1.50 and a debt-to-equity ratio of 0.91.

Taseko Mines Company Profile

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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