Y Intercept Hong Kong Ltd increased its holdings in shares of Taseko Mines Limited (NYSEAMERICAN:TGB – Free Report) by 175.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 706,315 shares of the company’s stock after acquiring an additional 449,685 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.19% of Taseko Mines worth $4,556,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of TGB. L1 Capital Pty Ltd raised its stake in shares of Taseko Mines by 45.2% during the 4th quarter. L1 Capital Pty Ltd now owns 35,545,632 shares of the company’s stock worth $201,190,000 after purchasing an additional 11,066,233 shares during the period. TD Asset Management Inc grew its position in Taseko Mines by 815.7% during the fourth quarter. TD Asset Management Inc now owns 3,635,594 shares of the company’s stock valued at $20,608,000 after buying an additional 3,238,558 shares during the period. Mackenzie Financial Corp increased its holdings in Taseko Mines by 78.6% during the fourth quarter. Mackenzie Financial Corp now owns 6,350,898 shares of the company’s stock worth $35,818,000 after buying an additional 2,794,210 shares during the last quarter. Hatch Cove Capital LLC purchased a new stake in Taseko Mines during the fourth quarter worth about $14,773,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in Taseko Mines in the fourth quarter worth about $11,096,000. Hedge funds and other institutional investors own 17.94% of the company’s stock.
Wall Street Analysts Forecast Growth
TGB has been the topic of a number of research analyst reports. Canaccord Genuity Group boosted their target price on shares of Taseko Mines from C$13.50 to C$14.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Zacks Research upgraded shares of Taseko Mines from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Cantor Fitzgerald raised shares of Taseko Mines from a “buy” rating to a “buy” rating and set a $9.00 price target on the stock in a report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $7.00.
Taseko Mines Price Performance
Taseko Mines stock opened at $6.93 on Monday. The firm has a market capitalization of $2.53 billion, a P/E ratio of 231.08 and a beta of 1.28. Taseko Mines Limited has a one year low of $2.95 and a one year high of $9.25. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.37 and a quick ratio of 0.76. The business has a fifty day moving average price of $7.09 and a 200-day moving average price of $7.05.
Taseko Mines Profile
Taseko Mines Ltd. is a Vancouver‐based mining company primarily engaged in the exploration, development and production of copper‐based projects. Its flagship operation is the Gibraltar copper mine in central British Columbia, which ranks among Canada’s largest open pit copper producers. In addition to copper, Gibraltar yields byproducts such as molybdenum and silver, reflecting Taseko’s focus on base and precious metals.
Beyond Gibraltar, Taseko holds two advanced development assets.
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