Acadian Asset Management LLC raised its position in shares of Taseko Mines Ltd (NYSEMKT:TGB) (TSE:TKO) by 399.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,274,194 shares of the mining company’s stock after buying an additional 1,819,034 shares during the period. Acadian Asset Management LLC owned about 1.02% of Taseko Mines worth $2,998,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in TGB. Scotia Capital Inc. increased its position in shares of Taseko Mines by 28.7% in the fourth quarter. Scotia Capital Inc. now owns 179,554 shares of the mining company’s stock valued at $154,000 after buying an additional 40,000 shares during the period. Vertex One Asset Management Inc. increased its position in shares of Taseko Mines by 2.0% in the fourth quarter. Vertex One Asset Management Inc. now owns 10,302,574 shares of the mining company’s stock valued at $8,912,000 after buying an additional 200,400 shares during the period. Renaissance Technologies LLC increased its position in shares of Taseko Mines by 18.5% in the fourth quarter. Renaissance Technologies LLC now owns 3,137,900 shares of the mining company’s stock valued at $2,675,000 after buying an additional 490,700 shares during the period. Impala Asset Management LLC acquired a new stake in shares of Taseko Mines during the fourth quarter valued at $607,000. Finally, Norges Bank acquired a new stake in shares of Taseko Mines during the fourth quarter valued at $869,000.
Taseko Mines Ltd (NYSEMKT:TGB) traded up 3.465% during midday trading on Friday, hitting $1.314. 257,453 shares of the company were exchanged. The stock has a 50 day moving average of $1.19 and a 200 day moving average of $1.09. Taseko Mines Ltd has a 1-year low of $0.41 and a 1-year high of $1.63. The firm’s market capitalization is $297.16 million.
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A number of brokerages have commented on TGB. BMO Capital Markets initiated coverage on shares of Taseko Mines in a research report on Thursday, February 2nd. They set a “market perform” rating on the stock. TD Securities lowered shares of Taseko Mines from a “speculative buy” rating to a “hold” rating in a report on Thursday, February 23rd. Finally, Zacks Investment Research lowered shares of Taseko Mines from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 26th. Two analysts have rated the stock with a sell rating and two have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $0.75.
About Taseko Mines
Taseko Mines Limited is a mining company. The Company is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada and the State of Arizona, the United States. Its projects represent a range of metals, including gold, copper and niobium.
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