Taseko Mines (TSE:TKO) Insider Bryce Hamming Sells 50,000 Shares of Stock

Taseko Mines Ltd. (TSE:TKO) insider Bryce Hamming sold 50,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of C$11.00, for a total value of C$550,000.00. Following the completion of the transaction, the insider owned 120,000 shares in the company, valued at C$1,320,000. This represents a 29.41% decrease in their position.

Taseko Mines Stock Performance

TKO stock opened at C$10.50 on Friday. The firm has a 50 day simple moving average of C$9.63 and a 200 day simple moving average of C$8.91. Taseko Mines Ltd. has a 52 week low of C$2.74 and a 52 week high of C$12.47. The stock has a market cap of C$3.84 billion, a P/E ratio of 210.00 and a beta of 2.22.

Taseko Mines (TSE:TKO) last released its quarterly earnings data on Wednesday, February 18th. The company reported C$0.02 earnings per share for the quarter. Taseko Mines had a net margin of 2.00% and a return on equity of 2.27%. The firm had revenue of C$243.77 million for the quarter. Sell-side analysts predict that Taseko Mines Ltd. will post 0.2801932 EPS for the current year.

Wall Street Analysts Forecast Growth

TKO has been the subject of several recent research reports. Canaccord Genuity Group increased their price objective on Taseko Mines from C$12.75 to C$13.50 and gave the stock a “buy” rating in a report on Friday, February 20th. National Bank Financial dropped their target price on Taseko Mines from C$13.50 to C$12.75 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Finally, TD Securities raised their price target on Taseko Mines from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$11.13.

About Taseko Mines

Taseko Mines Ltd is a Canadian mining company. It 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. The Gibraltar, Aley, New Prosperity, and Harmony properties are located in British Columbia whereas Florence copper is in central Arizona.