TD Asset Management Inc Acquires 3,238,558 Shares of Taseko Mines Limited $TGB

TD Asset Management Inc raised its holdings in shares of Taseko Mines Limited (NYSEAMERICAN:TGB) by 815.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,635,594 shares of the company’s stock after purchasing an additional 3,238,558 shares during the quarter. TD Asset Management Inc’s holdings in Taseko Mines were worth $20,608,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of TGB. Wealth Enhancement Advisory Services LLC bought a new position in Taseko Mines during the third quarter valued at $49,000. Ausdal Financial Partners Inc. bought a new position in Taseko Mines during the second quarter valued at $52,000. Swiss Life Asset Management Ltd bought a new position in Taseko Mines during the third quarter valued at $61,000. Brevan Howard Capital Management LP bought a new position in Taseko Mines during the third quarter valued at $61,000. Finally, SIH Partners LLLP bought a new position in Taseko Mines during the third quarter valued at $62,000. Institutional investors own 17.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Zacks Research lowered shares of Taseko Mines from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 16th. TD Securities reiterated a “buy” rating on shares of Taseko Mines in a research report on Monday, February 23rd. Cantor Fitzgerald upgraded shares of Taseko Mines from a “buy” rating to a “buy” rating and set a $9.00 price objective for the company in a research report on Thursday, May 7th. Finally, Canaccord Genuity Group raised their target price on shares of Taseko Mines from C$13.50 to C$14.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Taseko Mines currently has an average rating of “Moderate Buy” and an average target price of $7.00.

Taseko Mines Price Performance

Taseko Mines stock opened at $6.65 on Monday. The firm has a 50-day moving average price of $7.12 and a 200-day moving average price of $6.77. The firm has a market capitalization of $2.43 billion, a PE ratio of 221.74 and a beta of 1.25. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.88. Taseko Mines Limited has a 12-month low of $2.71 and a 12-month high of $9.25.

About Taseko Mines

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.