Bank of America Corp DE Increases Position in Taseko Mines Limited (NYSE:TGB)

Bank of America Corp DE lifted its stake in shares of Taseko Mines Limited (NYSE:TGB - Free Report) by 32.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,867,965 shares of the company's stock after purchasing an additional 459,226 shares during the period. Bank of America Corp DE owned 0.61% of Taseko Mines worth $3,624,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Barclays PLC increased its position in Taseko Mines by 353.3% in the third quarter. Barclays PLC now owns 79,323 shares of the company's stock worth $200,000 after buying an additional 61,823 shares during the last quarter. Y.D. More Investments Ltd purchased a new position in shares of Taseko Mines during the 4th quarter valued at $195,000. Raymond James Financial Inc. bought a new position in shares of Taseko Mines during the 4th quarter worth $1,070,000. Callan Family Office LLC purchased a new stake in Taseko Mines in the 4th quarter worth about $106,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Taseko Mines by 52.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,301,466 shares of the company's stock worth $18,095,000 after acquiring an additional 3,217,385 shares during the last quarter. Institutional investors own 17.94% of the company's stock.

Taseko Mines Price Performance

Shares of TGB stock traded up $0.08 on Wednesday, reaching $2.47. The company's stock had a trading volume of 12,959,040 shares, compared to its average volume of 6,283,457. The company has a market capitalization of $780.21 million, a P/E ratio of -82.33 and a beta of 1.41. Taseko Mines Limited has a 12-month low of $1.67 and a 12-month high of $2.69. The stock's 50 day simple moving average is $2.10 and its 200-day simple moving average is $2.09. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48.

Wall Street Analyst Weigh In

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

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.