Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Taseko Mines Limited (NYSEAMERICAN:TGB – Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 1,115,933 shares of the company’s stock, valued at approximately $7,198,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in TGB. Caitong International Asset Management Co. Ltd bought a new stake in shares of Taseko Mines during the fourth quarter worth $35,000. CHICAGO TRUST Co NA bought a new position in Taseko Mines in the first quarter valued at about $67,000. Marex Group plc bought a new position in Taseko Mines in the fourth quarter valued at about $61,000. Parallel Advisors LLC increased its position in Taseko Mines by 22.6% in the fourth quarter. Parallel Advisors LLC now owns 11,049 shares of the company’s stock worth $63,000 after purchasing an additional 2,035 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in Taseko Mines in the fourth quarter worth about $66,000. 17.94% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have issued reports on TGB. Zacks Research upgraded shares of Taseko Mines from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Canaccord Genuity Group lifted their price target on shares of Taseko Mines from C$13.50 to C$14.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, Cantor Fitzgerald upgraded shares of Taseko Mines from a “buy” rating to a “buy” rating and set a $9.00 price objective on the stock in a report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.00.
Taseko Mines Stock Performance
Shares of TGB stock opened at $6.71 on Thursday. The stock has a market cap of $2.45 billion, a PE ratio of 223.74 and a beta of 1.28. The stock has a 50-day moving average of $7.06 and a 200-day moving average of $7.23. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.37 and a quick ratio of 0.76. Taseko Mines Limited has a one year low of $2.95 and a one year high of $9.25.
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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