Connor Clark & Lunn Investment Management Ltd. Sells 53,292 Shares of Taseko Mines Limited (NYSEAMERICAN:TGB)

Connor Clark & Lunn Investment Management Ltd. reduced its stake in Taseko Mines Limited (NYSEAMERICAN:TGB – Get Rating) (TSE:TKO) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,295,858 shares of the mining company’s stock after selling 53,292 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 2.20% of Taseko Mines worth $9,207,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Ocean LLC purchased a new position in Taseko Mines during the fourth quarter worth about $26,000. Centaurus Financial Inc. purchased a new position in Taseko Mines in the first quarter valued at about $41,000. Citigroup Inc. raised its position in shares of Taseko Mines by 139.8% in the fourth quarter. Citigroup Inc. now owns 19,184 shares of the mining company’s stock valued at $28,000 after purchasing an additional 11,184 shares during the period. LPL Financial LLC raised its position in shares of Taseko Mines by 57.1% in the second quarter. LPL Financial LLC now owns 28,761 shares of the mining company’s stock valued at $31,000 after purchasing an additional 10,450 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Taseko Mines in the second quarter valued at approximately $38,000. 19.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

TGB has been the topic of several research reports. BMO Capital Markets boosted their price target on shares of Taseko Mines from C$2.50 to C$2.75 in a research report on Monday, February 6th. National Bank Financial raised their price objective on shares of Taseko Mines from C$2.50 to C$2.75 in a research report on Monday, February 27th. StockNews.com assumed coverage on shares of Taseko Mines in a research report on Thursday, May 18th. They set a “hold” rating on the stock. TD Securities raised their price objective on shares of Taseko Mines from C$2.50 to C$2.75 in a research report on Monday, February 27th. Finally, Stifel Nicolaus increased their target price on shares of Taseko Mines from C$3.30 to C$3.40 in a report on Wednesday, April 5th.

Taseko Mines Stock Performance

TGB stock opened at $1.25 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.75 and a debt-to-equity ratio of 1.62. Taseko Mines Limited has a 52 week low of $0.89 and a 52 week high of $1.90. The firm’s fifty day moving average is $1.62 and its 200 day moving average is $1.48.

Taseko Mines (NYSEAMERICAN:TGB – Get Rating) (TSE:TKO) last released its earnings results on Thursday, February 23rd. The mining company reported $0.01 EPS for the quarter. The company had revenue of $74.12 million for the quarter. Taseko Mines had a negative net margin of 7.01% and a negative return on equity of 0.05%. On average, sell-side analysts forecast that Taseko Mines Limited will post 0.1 EPS for the current fiscal year.

Taseko Mines Company Profile

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Taseko Mines Ltd. operates as a mining company engaged in the acquisition, development, and operation of mineral deposits. It holds interest in the Gibraltar, Florence Copper, Aley Niobium, Yellowhead, New Prosperity, and Harmony projects. The company was founded on April 15, 1966 and is headquartered in Vancouver, Canada.