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 position in shares of Taseko Mines Limited (NYSE:TGB - Free Report) by 21.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,319,863 shares of the company's stock after acquiring an additional 2,018,397 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 3.58% of Taseko Mines worth $25,333,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TGB. LPL Financial LLC acquired a new position in Taseko Mines during the 4th quarter worth about $70,000. JPMorgan Chase & Co. increased its holdings in Taseko Mines by 58.6% during the 4th quarter. JPMorgan Chase & Co. now owns 377,602 shares of the company's stock worth $733,000 after purchasing an additional 139,576 shares during the period. Geode Capital Management LLC increased its holdings in Taseko Mines by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 145,023 shares of the company's stock worth $282,000 after purchasing an additional 5,928 shares during the period. Envestnet Asset Management Inc. purchased a new stake in Taseko Mines during the 4th quarter worth about $62,000. Finally, Russell Investments Group Ltd. increased its holdings in Taseko Mines by 52.5% during the 4th quarter. Russell Investments Group Ltd. now owns 1,280,126 shares of the company's stock worth $2,483,000 after purchasing an additional 440,854 shares during the period. Institutional investors and hedge funds own 17.94% of the company's stock.

Analysts Set New Price Targets

TGB has been the topic of several recent research reports. TD Securities downgraded Taseko Mines from a "strong-buy" rating to a "hold" rating and upped their price target for the stock from $3.50 to $5.00 in a report on Wednesday, July 16th. Wall Street Zen downgraded Taseko Mines from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Taseko Mines in a report on Friday, August 8th.

Taseko Mines Stock Down 2.7%

Shares of TGB traded down $0.09 during mid-day trading on Thursday, reaching $3.30. The company's stock had a trading volume of 2,682,985 shares, compared to its average volume of 10,261,703. Taseko Mines Limited has a 12-month low of $1.67 and a 12-month high of $3.67. The stock has a market cap of $1.04 billion, a PE ratio of -110.00 and a beta of 1.35. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05. The company's 50 day moving average is $3.19 and its 200 day moving average is $2.50.

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.