Intact Investment Management Inc. Buys 707,800 Shares of Taseko Mines Limited $TGB

Intact Investment Management Inc. raised its stake in shares of Taseko Mines Limited (NYSE:TGB) by 412.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 879,300 shares of the company’s stock after purchasing an additional 707,800 shares during the quarter. Intact Investment Management Inc. owned 0.28% of Taseko Mines worth $2,776,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Mackenzie Financial Corp increased its stake in Taseko Mines by 973.6% during the second quarter. Mackenzie Financial Corp now owns 1,604,572 shares of the company’s stock valued at $5,070,000 after acquiring an additional 1,455,117 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Taseko Mines by 2.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,022,109 shares of the company’s stock worth $24,789,000 after purchasing an additional 296,508 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Taseko Mines during the 1st quarter worth approximately $659,000. Persistent Asset Partners Ltd increased its position in shares of Taseko Mines by 59.7% during the second quarter. Persistent Asset Partners Ltd now owns 168,901 shares of the company’s stock valued at $532,000 after purchasing an additional 63,132 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Taseko Mines in the second quarter valued at $308,000. Institutional investors own 17.94% of the company’s stock.

Taseko Mines Price Performance

TGB opened at $5.23 on Thursday. The company has a market capitalization of $1.88 billion, a P/E ratio of -174.33 and a beta of 1.35. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05. The firm’s fifty day moving average price is $4.50 and its two-hundred day moving average price is $3.67. Taseko Mines Limited has a fifty-two week low of $1.67 and a fifty-two week high of $5.49.

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.