Montrusco Bolton Investments Inc. Has $19.57 Million Stock Holdings in Taseko Mines Limited $TGB

Montrusco Bolton Investments Inc. lifted its holdings in Taseko Mines Limited (NYSEAMERICAN:TGB) by 23.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,031,296 shares of the company’s stock after purchasing an additional 576,637 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Taseko Mines were worth $19,571,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. L1 Capital Pty Ltd grew its holdings in 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 acquiring an additional 11,066,233 shares during the last quarter. TD Asset Management Inc raised its stake in shares of Taseko Mines by 815.7% in the fourth quarter. TD Asset Management Inc now owns 3,635,594 shares of the company’s stock worth $20,608,000 after acquiring an additional 3,238,558 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of 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 purchasing an additional 2,794,210 shares in the last quarter. Hatch Cove Capital LLC bought a new stake in shares of Taseko Mines during the fourth quarter valued at approximately $14,773,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in shares of Taseko Mines during the fourth quarter valued at approximately $11,096,000. Institutional investors and hedge funds own 17.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TGB shares. Cantor Fitzgerald upgraded shares of Taseko Mines from a “buy” rating to a “buy” rating and set a $9.00 price objective for the company in a research report on Thursday, May 7th. Zacks Research raised Taseko Mines from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Canaccord Genuity Group upped their price target on 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. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $7.00.

Taseko Mines Price Performance

Shares of NYSEAMERICAN:TGB opened at $6.93 on Friday. 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 stock has a market cap of $2.53 billion, a price-to-earnings ratio of 231.08 and a beta of 1.28. The company has a 50 day moving average of $7.09 and a 200-day moving average of $7.03. Taseko Mines Limited has a one year low of $2.95 and a one year high of $9.25.

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.