JPMorgan Chase & Co. grew its stake in Taseko Mines Limited (NYSE:TGB - Free Report) by 58.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 377,602 shares of the company's stock after acquiring an additional 139,576 shares during the quarter. JPMorgan Chase & Co. owned 0.12% of Taseko Mines worth $733,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Anthracite Investment Company Inc. lifted its holdings in Taseko Mines by 5.1% during the fourth quarter. Anthracite Investment Company Inc. now owns 1,659,460 shares of the company's stock worth $3,219,000 after acquiring an additional 80,000 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Taseko Mines during the fourth quarter worth about $70,000. American Century Companies Inc. lifted its holdings in shares of Taseko Mines by 16.8% during the 4th quarter. American Century Companies Inc. now owns 822,551 shares of the company's stock valued at $1,602,000 after purchasing an additional 118,597 shares in the last quarter. Virtu Financial LLC acquired a new stake in Taseko Mines during the 4th quarter worth approximately $96,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of 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 buying an additional 3,217,385 shares in the last quarter. 17.94% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com downgraded Taseko Mines from a "hold" rating to a "sell" rating in a research report on Wednesday, April 23rd.
View Our Latest Report on Taseko Mines
Taseko Mines Stock Down 0.3 %
NYSE:TGB traded down $0.01 on Monday, hitting $1.96. 1,552,320 shares of the company's stock were exchanged, compared to its average volume of 10,617,232. The firm has a 50-day moving average price of $2.16 and a 200-day moving average price of $2.11. Taseko Mines Limited has a 52 week low of $1.67 and a 52 week high of $3.15. 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 has a market cap of $617.54 million, a P/E ratio of -65.17 and a beta of 1.48.
About Taseko Mines
(
Free Report)
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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