Raymond James Financial Inc. Makes New $1.07 Million Investment in Taseko Mines Limited (NYSE:TGB)

Raymond James Financial Inc. bought a new stake in shares of Taseko Mines Limited (NYSE:TGB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 551,645 shares of the company's stock, valued at approximately $1,070,000. Raymond James Financial Inc. owned about 0.18% of Taseko Mines as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. lifted its position in Taseko Mines by 16.8% during the fourth 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 during the last quarter. LPL Financial LLC purchased a new stake in shares of Taseko Mines during the 4th quarter valued at about $70,000. Virtu Financial LLC bought a new position in shares of Taseko Mines in the 4th quarter valued at about $96,000. Barclays PLC grew 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 acquiring an additional 61,823 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Taseko Mines by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 145,023 shares of the company's stock worth $282,000 after acquiring an additional 5,928 shares during the last quarter. 17.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Taseko Mines from a "hold" rating to a "sell" rating in a research note on Wednesday, April 23rd.

Taseko Mines Stock Down 11.3 %

NYSE TGB opened at $1.96 on Monday. Taseko Mines Limited has a 52 week low of $1.67 and a 52 week high of $3.15. The firm has a market capitalization of $619.12 million, a price-to-earnings ratio of -65.33 and a beta of 1.48. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48. The company has a fifty day moving average of $2.16 and a two-hundred day moving average of $2.11.

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.

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