Taseko Mines (TKO) Shares Down 1.5%
Taseko Mines Limited (TSE:TKO) (NYSE:TGB) shares dropped 1.5% on Wednesday . The company traded as low as C$2.68 and last traded at C$2.77. Approximately 186,176 shares traded hands during trading, a decline of 47% from the average daily volume of 354,520 shares. The stock had previously closed at C$2.73.
TKO has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their target price on Taseko Mines from C$2.20 to C$2.30 in a report on Tuesday, September 26th. TD Securities boosted their target price on Taseko Mines from C$1.90 to C$2.25 in a report on Tuesday, September 26th. Finally, Scotiabank reissued an “underperform” rating and set a C$1.50 target price on shares of Taseko Mines in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of C$1.98.
In other Taseko Mines news, Director Russell Edward Hallbauer sold 88,000 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of C$2.95, for a total value of C$259,600.00. Also, insider Brian Battison sold 40,000 shares of the company’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of C$2.94, for a total value of C$117,600.00. Over the last ninety days, insiders sold 240,000 shares of company stock worth $682,330.
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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