Virtu Financial LLC Buys 451,803 Shares of Taseko Mines Limited (NYSE:TGB)

Key Points

• Virtu Financial LLC increased its stake in Taseko Mines Limited by 910.6%, acquiring an additional 451,803 shares during the first quarter, bringing its total ownership to approximately 0.16% valued at $1,123,000.
• Other institutional investors, including Connor Clark & Lunn Investment Management and National Bank of Canada FI, also significantly increased their holdings in Taseko Mines during the same period.
• Taseko Mines' stock currently has a market value of $977.91 million and is trading at around $3.09, with a reported one-year price range of $1.67 to $3.67.

Virtu Financial LLC grew its position in shares of Taseko Mines Limited (NYSE:TGB - Free Report) by 910.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 501,419 shares of the company's stock after buying an additional 451,803 shares during the quarter. Virtu Financial LLC owned approximately 0.16% of Taseko Mines worth $1,123,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TGB. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Taseko Mines by 21.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,319,863 shares of the company's stock worth $25,333,000 after purchasing an additional 2,018,397 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Taseko Mines by 2.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,725,601 shares of the company's stock worth $20,880,000 after purchasing an additional 297,403 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of 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 in the last quarter. TD Asset Management Inc lifted its position in shares of Taseko Mines by 22.2% during the first quarter. TD Asset Management Inc now owns 4,003,547 shares of the company's stock worth $8,957,000 after purchasing an additional 728,241 shares in the last quarter. Finally, CenterBook Partners LP lifted its position in shares of Taseko Mines by 16.1% during the first quarter. CenterBook Partners LP now owns 2,838,038 shares of the company's stock worth $6,357,000 after purchasing an additional 393,665 shares in the last quarter. 17.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Taseko Mines Trading Down 2.7%

NYSE TGB traded down $0.09 during trading hours on Thursday, hitting $3.30. The company's stock had a trading volume of 2,682,985 shares, compared to its average volume of 10,261,703. The stock has a fifty day moving average of $3.17 and a 200 day moving average of $2.49. Taseko Mines Limited has a twelve month low of $1.67 and a twelve month high of $3.67. The firm has a market capitalization of $1.04 billion, a P/E ratio of -110.00 and a beta of 1.35. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48.

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.