Persistent Asset Partners Ltd Grows Position in Taseko Mines Limited $TGB

Persistent Asset Partners Ltd grew its holdings in Taseko Mines Limited (NYSE:TGB) by 59.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 168,901 shares of the company’s stock after buying an additional 63,132 shares during the period. Persistent Asset Partners Ltd owned 0.05% of Taseko Mines worth $532,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. L1 Capital Pty Ltd purchased a new stake in Taseko Mines during the 1st quarter valued at about $28,243,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Taseko Mines by 21.7% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,319,863 shares of the company’s stock worth $25,333,000 after purchasing an additional 2,018,397 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Taseko Mines by 22.2% during the 1st quarter. TD Asset Management Inc now owns 4,003,547 shares of the company’s stock worth $8,957,000 after purchasing an additional 728,241 shares during the last quarter. Carrera Capital Advisors purchased a new stake in shares of Taseko Mines in the second quarter valued at approximately $2,207,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Taseko Mines by 198.9% in the first quarter. Goldman Sachs Group Inc. now owns 988,072 shares of the company’s stock valued at $2,213,000 after purchasing an additional 657,477 shares during the last quarter. 17.94% of the stock is currently owned by institutional investors and hedge funds.

Taseko Mines Stock Performance

Taseko Mines stock opened at $4.34 on Friday. The firm has a 50 day simple moving average of $4.10 and a 200-day simple moving average of $3.31. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of -144.67 and a beta of 1.24. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05. Taseko Mines Limited has a 1-year low of $1.67 and a 1-year high of $4.84.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Taseko Mines in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Taseko Mines has an average rating of “Moderate Buy” and an average target price of $5.00.

About Taseko Mines

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company’s principal asset comprises 100% interest owned the Gibraltar mine located in British Columbia. It also holds interest in the Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.