L1 Capital Pty Ltd Reduces Position in Taseko Mines Limited $TGB

L1 Capital Pty Ltd trimmed its position in Taseko Mines Limited (NYSE:TGB) by 99.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,421 shares of the company’s stock after selling 12,499,200 shares during the quarter. Taseko Mines makes up 0.0% of L1 Capital Pty Ltd’s investment portfolio, making the stock its 23rd largest position. L1 Capital Pty Ltd’s holdings in Taseko Mines were worth $346,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Taseko Mines by 2.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,022,109 shares of the company’s stock valued at $24,789,000 after buying an additional 296,508 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Taseko Mines by 261.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,019,297 shares of the company’s stock worth $12,661,000 after acquiring an additional 2,907,611 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Taseko Mines by 67.0% in the 2nd quarter. Bank of America Corp DE now owns 1,868,650 shares of the company’s stock valued at $5,886,000 after acquiring an additional 749,390 shares during the last quarter. American Century Companies Inc. raised its position in shares of Taseko Mines by 23.1% during the 2nd quarter. American Century Companies Inc. now owns 1,704,243 shares of the company’s stock worth $5,381,000 after acquiring an additional 319,528 shares in the last quarter. Finally, Mackenzie Financial Corp lifted 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 worth $5,070,000 after purchasing an additional 1,455,117 shares during the last quarter. 17.94% of the stock is owned by hedge funds and other institutional investors.

Taseko Mines Stock Performance

Shares of TGB opened at $5.43 on Friday. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of -181.00 and a beta of 1.35. Taseko Mines Limited has a 52-week low of $1.67 and a 52-week high of $5.57. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48. The stock has a 50 day moving average price of $4.55 and a 200 day moving average price of $3.72.

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.