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

Montrusco Bolton Investments Inc. raised its stake in Taseko Mines Limited (NYSEAMERICAN:TGB) by 23.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,031,296 shares of the company’s stock after purchasing an additional 576,637 shares during the period. Montrusco Bolton Investments Inc. owned approximately 0.83% of Taseko Mines worth $19,571,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new position in Taseko Mines during the fourth quarter valued at about $35,000. CHICAGO TRUST Co NA acquired a new position in shares of Taseko Mines in the first quarter valued at $67,000. Marex Group plc bought a new position in Taseko Mines in the fourth quarter worth $61,000. Parallel Advisors LLC lifted its position in Taseko Mines by 22.6% in the fourth quarter. Parallel Advisors LLC now owns 11,049 shares of the company’s stock worth $63,000 after purchasing an additional 2,035 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in Taseko Mines during the fourth quarter worth $66,000. Institutional investors and hedge funds own 17.94% of the company’s stock.

Taseko Mines Stock Performance

Shares of Taseko Mines stock opened at $6.93 on Friday. Taseko Mines Limited has a 12-month low of $2.95 and a 12-month high of $9.25. The stock has a market capitalization of $2.53 billion, a P/E ratio of 231.08 and a beta of 1.28. The company has a 50-day simple moving average of $7.09 and a 200 day simple moving average of $7.03. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.88.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TGB. 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 note on Thursday, May 7th. Zacks Research raised shares of Taseko Mines from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Finally, Canaccord Genuity Group lifted their price objective on Taseko Mines from C$13.50 to C$14.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Four 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.00.

Taseko Mines 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.