Intact Investment Management Inc. Buys 156,200 Shares of Taseko Mines Limited $TGB

Intact Investment Management Inc. lifted its stake in shares of Taseko Mines Limited (NYSE:TGB) by 17.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,035,500 shares of the company’s stock after acquiring an additional 156,200 shares during the quarter. Intact Investment Management Inc. owned approximately 0.29% of Taseko Mines worth $4,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mackenzie Financial Corp raised its holdings in Taseko Mines by 973.6% during the 2nd 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. L1 Capital Pty Ltd boosted its stake in shares of Taseko Mines by 64.0% in the 2nd quarter. L1 Capital Pty Ltd now owns 20,681,607 shares of the company’s stock valued at $65,148,000 after purchasing an additional 8,072,986 shares during the last quarter. 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 worth $532,000 after buying an additional 63,132 shares during the period. SG Americas Securities LLC bought a new position in Taseko Mines during the second quarter worth $308,000. Finally, JPMorgan Chase & Co. lifted its holdings in Taseko Mines by 261.5% in the second quarter. JPMorgan Chase & Co. now owns 4,019,297 shares of the company’s stock valued at $12,661,000 after buying an additional 2,907,611 shares during the period. 17.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Taseko Mines in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5.00.

Taseko Mines Stock Performance

Shares of TGB stock opened at $7.85 on Tuesday. 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 has a 50-day moving average of $5.71 and a 200-day moving average of $4.43. Taseko Mines Limited has a one year low of $1.67 and a one year high of $8.37. The company has a market cap of $2.83 billion, a P/E ratio of -261.67 and a beta of 1.27.

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. The Florence Copper project in Arizona employs an in‐situ recovery process to extract copper, positioning it as one of North America’s first large‐scale applications of this technology.