Taseko Mines (TSE:TKO) Insider Terry James Morris Buys 11,000 Shares

Taseko Mines Ltd. (TSE:TKO) insider Terry James Morris purchased 11,000 shares of Taseko Mines stock in a transaction dated Thursday, May 21st. The stock was acquired at an average price of C$8.97 per share, for a total transaction of C$98,670.00. Following the completion of the acquisition, the insider owned 11,000 shares of the company’s stock, valued at approximately C$98,670. This trade represents a ∞ increase in their position.

Taseko Mines Trading Up 1.5%

Shares of TSE TKO traded up C$0.14 during midday trading on Thursday, hitting C$9.21. The company’s stock had a trading volume of 298,652 shares, compared to its average volume of 1,427,811. The business’s 50 day moving average is C$9.54 and its two-hundred day moving average is C$9.00. Taseko Mines Ltd. has a 12-month low of C$2.80 and a 12-month high of C$12.47. The firm has a market cap of C$3.37 billion, a P/E ratio of 184.20 and a beta of 2.22.

Taseko Mines (TSE:TKO) last posted its quarterly earnings results 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 during the quarter. On average, analysts predict that Taseko Mines Ltd. will post 0.2801932 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Taseko Mines Company Profile

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.