Sei Investments Co. Buys Shares of 108,263 Taseko Mines Limited $TGB

Sei Investments Co. purchased a new stake in shares of Taseko Mines Limited (NYSEAMERICAN:TGBFree Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 108,263 shares of the company’s stock, valued at approximately $698,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Taseko Mines in the fourth quarter worth $35,000. Ausdal Financial Partners Inc. bought a new position in Taseko Mines in the second quarter valued at about $52,000. Marex Group plc bought a new position in Taseko Mines in the fourth quarter valued at about $61,000. Brevan Howard Capital Management LP purchased a new position in Taseko Mines in the third quarter worth about $61,000. Finally, SIH Partners LLLP purchased a new position in Taseko Mines in the third quarter worth about $62,000. 17.94% of the stock is currently owned by hedge funds and other institutional investors.

Taseko Mines Price Performance

Shares of Taseko Mines stock opened at $8.35 on Friday. The stock has a market cap of $3.05 billion, a P/E ratio of 417.71 and a beta of 1.31. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.76 and a current ratio of 1.24. The stock’s fifty day moving average is $7.25 and its 200 day moving average is $7.32. Taseko Mines Limited has a one year low of $3.01 and a one year high of $9.25.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Canaccord Genuity Group upped their price target on shares of Taseko Mines from C$13.50 to C$14.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Cantor Fitzgerald upgraded shares of Taseko Mines from a “buy” rating to a “buy” rating and set a $9.00 target price for the company in a research report on Thursday, May 7th. Finally, Zacks Research raised shares of Taseko Mines from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $9.00.

Check Out Our Latest Stock Report on Taseko Mines

Taseko Mines Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Taseko Mines (NYSEAMERICAN:TGB)

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