Sei Investments Co. Invests $698,000 in Taseko Mines Limited $TGB

Sei Investments Co. bought a new stake in shares of Taseko Mines Limited (NYSEAMERICAN:TGB) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 108,263 shares of the company’s stock, valued at approximately $698,000.

A number of other institutional investors also recently bought and sold shares of the stock. L1 Capital Pty Ltd lifted its holdings in Taseko Mines by 45.2% in the fourth quarter. L1 Capital Pty Ltd now owns 35,545,632 shares of the company’s stock worth $201,190,000 after buying an additional 11,066,233 shares during the period. TD Asset Management Inc grew its holdings in shares of Taseko Mines by 815.7% during the 4th 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 period. Mackenzie Financial Corp grew its holdings in shares of Taseko Mines by 78.6% during the 4th 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 during the period. Hatch Cove Capital LLC bought a new position in shares of Taseko Mines in the 4th quarter worth approximately $14,773,000. Finally, Walleye Capital LLC bought a new position in shares of Taseko Mines in the 1st quarter worth approximately $12,740,000. 17.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TGB. Cantor Fitzgerald upgraded Taseko Mines from a “buy” rating to a “buy” rating and set a $9.00 price target on the stock in a research report on Thursday, May 7th. Zacks Research upgraded Taseko Mines from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Finally, Canaccord Genuity Group raised their price objective on Taseko Mines from C$13.50 to C$14.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Taseko Mines presently has an average rating of “Moderate Buy” and an average price target of $9.00.

Taseko Mines Stock Performance

Shares of Taseko Mines stock opened at $8.35 on Friday. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 417.71 and a beta of 1.31. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.24 and a quick ratio of 0.76. Taseko Mines Limited has a 1 year low of $3.01 and a 1 year high of $9.25. The firm’s 50-day moving average is $7.25 and its 200 day moving average is $7.32.

About Taseko Mines

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.