Taseko Mines Limited (NYSE:TGB) Shares Purchased by Acuitas Investments LLC

Acuitas Investments LLC lifted its holdings in Taseko Mines Limited (NYSE:TGB - Free Report) by 77.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,180,424 shares of the company's stock after buying an additional 513,938 shares during the period. Taseko Mines makes up 2.3% of Acuitas Investments LLC's holdings, making the stock its 19th biggest position. Acuitas Investments LLC owned 0.37% of Taseko Mines worth $2,644,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in 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 worth $18,095,000 after purchasing an additional 3,217,385 shares during the period. Renaissance Technologies LLC raised its stake in Taseko Mines by 15.6% during the fourth quarter. Renaissance Technologies LLC now owns 6,676,370 shares of the company's stock worth $12,952,000 after purchasing an additional 900,400 shares during the period. Millennium Management LLC raised its stake in Taseko Mines by 105.0% during the fourth quarter. Millennium Management LLC now owns 1,174,453 shares of the company's stock worth $2,279,000 after purchasing an additional 601,684 shares during the period. Raymond James Financial Inc. purchased a new position in Taseko Mines during the fourth quarter worth about $1,070,000. Finally, Dimensional Fund Advisors LP raised its stake in Taseko Mines by 57.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,468,029 shares of the company's stock worth $2,848,000 after purchasing an additional 534,272 shares during the period. 17.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Taseko Mines Trading Down 3.0%

Shares of Taseko Mines stock traded down $0.10 on Friday, reaching $3.25. The company had a trading volume of 5,285,515 shares, compared to its average volume of 7,224,822. The firm's 50 day moving average price is $2.51 and its two-hundred day moving average price is $2.23. The firm has a market cap of $1.03 billion, a PE ratio of -108.37 and a beta of 1.42. Taseko Mines Limited has a 52-week low of $1.67 and a 52-week high of $3.39. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.05 and a current ratio of 1.71.

Taseko Mines 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.