Bank of Montreal Can Has $3.63 Million Stock Holdings in Taseko Mines Limited $TGB

Bank of Montreal Can boosted its position in shares of Taseko Mines Limited (NYSE:TGB) by 1.4% in the second quarter, Holdings Channel.com reports. The firm owned 1,148,859 shares of the company’s stock after purchasing an additional 15,958 shares during the period. Bank of Montreal Can’s holdings in Taseko Mines were worth $3,630,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TGB. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Taseko Mines during the 1st quarter worth about $65,000. HighTower Advisors LLC grew its stake in shares of Taseko Mines by 51.9% in the 1st quarter. HighTower Advisors LLC now owns 32,646 shares of the company’s stock valued at $73,000 after buying an additional 11,150 shares in the last quarter. Ballentine Partners LLC increased its holdings in Taseko Mines by 147.1% in the first quarter. Ballentine Partners LLC now owns 34,046 shares of the company’s stock worth $76,000 after buying an additional 20,270 shares during the last quarter. National Bank of Canada FI increased its holdings in Taseko Mines by 44.1% in the first quarter. National Bank of Canada FI now owns 35,844 shares of the company’s stock worth $78,000 after buying an additional 10,973 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in Taseko Mines during the first quarter valued at approximately $90,000. Hedge funds and other institutional investors own 17.94% of the company’s stock.

Taseko Mines Price Performance

Shares of Taseko Mines stock opened at $4.60 on Wednesday. Taseko Mines Limited has a 1-year low of $1.67 and a 1-year high of $4.84. The firm has a fifty day simple moving average of $4.04 and a 200-day simple moving average of $3.28. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -153.33 and a beta of 1.24.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Taseko Mines in a research report on Friday, August 8th. TD Securities downgraded shares of Taseko Mines from a “strong-buy” rating to a “hold” rating and raised their price target for the company from $3.50 to $5.00 in a report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $5.00.

Taseko Mines Company Profile

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.