Taseko Mines Limited (NYSE:TGB) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its stake in Taseko Mines Limited by 21.7%, owning over 11.3 million shares valued at approximately $25.3 million as of its latest SEC filing.
• Other institutional investors, such as Bank of America Corp DE and TD Asset Management Inc, also raised their holdings, showcasing significant interest in the company.
• Taseko Mines has experienced a recent stock price of $3.17, with a twelve-month high of $3.67, indicating considerable fluctuations in market performance.

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Taseko Mines Limited (NYSE:TGB - Free Report) by 21.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,319,863 shares of the company's stock after purchasing an additional 2,018,397 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 3.58% of Taseko Mines worth $25,333,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Taseko Mines by 2.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,725,601 shares of the company's stock worth $20,880,000 after acquiring an additional 297,403 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Taseko Mines by 15.6% in the 4th quarter. Renaissance Technologies LLC now owns 6,676,370 shares of the company's stock worth $12,952,000 after acquiring an additional 900,400 shares during the period. TD Asset Management Inc lifted its stake in shares of Taseko Mines by 22.2% in the 1st quarter. TD Asset Management Inc now owns 4,003,547 shares of the company's stock worth $8,957,000 after acquiring an additional 728,241 shares during the period. CenterBook Partners LP lifted its stake in shares of Taseko Mines by 16.1% in the 1st quarter. CenterBook Partners LP now owns 2,838,038 shares of the company's stock worth $6,357,000 after acquiring an additional 393,665 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of 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 valued at $3,624,000 after purchasing an additional 459,226 shares in the last quarter. Institutional investors and hedge funds own 17.94% of the company's stock.

Taseko Mines Stock Performance

NYSE:TGB opened at $3.17 on Friday. 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 has a 50-day moving average price of $3.13 and a two-hundred day moving average price of $2.46. Taseko Mines Limited has a twelve month low of $1.67 and a twelve month high of $3.67. The company has a market capitalization of $1.00 billion, a P/E ratio of -105.67 and a beta of 1.35.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TGB shares. BMO Capital Markets reiterated an "outperform" rating on shares of Taseko Mines in a report on Friday. TD Securities downgraded shares of Taseko Mines from a "strong-buy" rating to a "hold" rating and increased their price target for the company from $3.50 to $5.00 in a report on Wednesday, July 16th. Finally, Wall Street Zen downgraded shares of Taseko Mines from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th.

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.

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