Y Intercept Hong Kong Ltd Raises Stock Position in Taseko Mines Limited $TGB

Y Intercept Hong Kong Ltd increased its position in shares of Taseko Mines Limited (NYSEAMERICAN:TGB) by 175.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 706,315 shares of the company’s stock after acquiring an additional 449,685 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Taseko Mines were worth $4,556,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. CHICAGO TRUST Co NA bought a new position in Taseko Mines in the 1st quarter valued at $67,000. Pictet Asset Management Holding SA increased its holdings in shares of Taseko Mines by 8.0% in the first quarter. Pictet Asset Management Holding SA now owns 72,046 shares of the company’s stock worth $465,000 after purchasing an additional 5,306 shares during the period. First United Bank & Trust bought a new position in shares of Taseko Mines in the first quarter worth $79,000. Rehmann Capital Advisory Group purchased a new stake in shares of Taseko Mines in the fourth quarter worth $283,000. Finally, Koenig Investment Advisory LLC purchased a new stake in shares of Taseko Mines in the fourth quarter worth $1,420,000. 17.94% of the stock is currently owned by hedge funds and other institutional investors.

Taseko Mines Stock Performance

Taseko Mines stock opened at $6.93 on Monday. Taseko Mines Limited has a fifty-two week low of $2.95 and a fifty-two week high of $9.25. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.76 and a current ratio of 1.37. The stock has a market cap of $2.53 billion, a P/E ratio of 231.08 and a beta of 1.28. The firm’s fifty day moving average price is $7.09 and its 200-day moving average price is $7.05.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Cantor Fitzgerald upgraded Taseko Mines from a “buy” rating to a “buy” rating and set a $9.00 target price for the company in a research report on Thursday, May 7th. Zacks Research upgraded 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 target 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 research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.