Taseko Mines Ltd (TKO) Trading Up 4.7%
Shares of Taseko Mines Ltd (TSE:TKO) (NYSE:TGB) were up 4.7% on Friday . The stock traded as high as C$2.89 and last traded at C$2.88. Approximately 551,729 shares were traded during mid-day trading, an increase of 37% from the average daily volume of 401,428 shares. The stock had previously closed at C$2.75.
Several analysts have recently weighed in on TKO shares. Scotiabank reaffirmed an “underperform” rating and issued a C$1.75 target price on shares of Taseko Mines in a report on Monday, June 12th. TD Securities reduced their price objective on shares of Taseko Mines from C$2.00 to C$1.90 and set a “hold” rating for the company in a research note on Friday, June 16th. National Bank Financial reduced their price objective on shares of Taseko Mines from C$2.20 to C$2.10 and set a “sector perform” rating for the company in a research note on Monday, July 24th. Finally, BMO Capital Markets raised their price objective on shares of Taseko Mines from C$2.20 to C$2.30 in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Taseko Mines presently has an average rating of “Hold” and a consensus target price of C$1.78.
The stock has a 50-day moving average price of $2.35 and a 200 day moving average price of $1.85. The firm has a market capitalization of $644.75 million and a P/E ratio of 57.00.
In other Taseko Mines news, insider Scott Jones sold 12,000 shares of the company’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of C$2.70, for a total transaction of C$32,400.00. Also, insider John Mcmanus sold 50,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of C$2.20, for a total transaction of C$110,000.00. In the last 90 days, insiders have sold 249,000 shares of company stock valued at $562,890.
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Taseko Mines Company Profile
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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