Insider Selling: Taseko Mines Ltd (TKO) Insider Sells 25,000 Shares of Stock
Taseko Mines Ltd (TSE:TKO) (NYSE:TGB) insider Scott Jones sold 25,000 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of C$2.55, for a total transaction of C$63,750.00.
Shares of Taseko Mines Ltd (TSE:TKO) traded up 9.62% on Tuesday, hitting $2.62. The company had a trading volume of 590,510 shares. The company has a market capitalization of $592.72 million and a P/E ratio of 52.40. Taseko Mines Ltd has a 12-month low of $0.55 and a 12-month high of $2.63. The firm has a 50-day moving average price of $2.29 and a 200 day moving average price of $1.83.
Several equities research analysts recently weighed in on TKO shares. BMO Capital Markets increased their target price on shares of Taseko Mines from C$2.20 to C$2.30 in a research note on Tuesday, September 26th. TD Securities lowered their price target on Taseko Mines from C$2.00 to C$1.90 and set a “hold” rating on the stock in a research note on Friday, June 16th. Scotiabank restated an “underperform” rating and set a C$1.75 price target on shares of Taseko Mines in a research note on Monday, June 12th. Finally, National Bank Financial lowered their price target on Taseko Mines from C$2.20 to C$2.10 and set a “sector perform” rating on the stock in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of C$1.78.
About Taseko Mines
Taseko Mines Limited is a mining company. The Company is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada and the State of Arizona, the United States. Its projects represent a range of metals, including gold, copper and niobium.
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