100,000 Shares in Taseko Mines Limited $TGB Bought by Sona Asset Management US LLC

Sona Asset Management US LLC bought a new stake in Taseko Mines Limited (NYSEAMERICAN:TGB) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 100,000 shares of the company’s stock, valued at approximately $645,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TGB. L1 Capital Pty Ltd lifted its holdings 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 valued at $201,190,000 after buying an additional 11,066,233 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Taseko Mines by 11.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,126,773 shares of the company’s stock valued at $34,376,000 after acquiring an additional 854,016 shares during the last quarter. Mackenzie Financial Corp grew its position in Taseko Mines by 78.6% in the fourth quarter. Mackenzie Financial Corp now owns 6,350,898 shares of the company’s stock worth $35,818,000 after acquiring an additional 2,794,210 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Taseko Mines by 4.9% during the 1st quarter. Renaissance Technologies LLC now owns 5,682,070 shares of the company’s stock worth $36,649,000 after purchasing an additional 267,640 shares during the last quarter. Finally, Mudita Advisors LLP increased its stake in shares of Taseko Mines by 57.4% during the 4th quarter. Mudita Advisors LLP now owns 4,388,401 shares of the company’s stock worth $24,838,000 after purchasing an additional 1,600,000 shares during the last quarter. 17.94% of the stock is owned by hedge funds and other institutional investors.

Taseko Mines Stock Performance

NYSEAMERICAN:TGB opened at $7.00 on Monday. The company’s 50 day moving average is $7.03 and its 200-day moving average is $7.21. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.88. Taseko Mines Limited has a 12 month low of $2.95 and a 12 month high of $9.25. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 233.41 and a beta of 1.28.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TGB. Zacks Research raised shares of Taseko Mines from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Canaccord Genuity Group increased their target price 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 Taseko Mines from a “buy” rating to a “buy” rating and set a $9.00 target price on the stock in a report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Taseko Mines currently has an average rating of “Moderate Buy” and an average target price of $9.00.

Taseko Mines Company 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.