Taseko Mines (TSE:TKO) Insider Sells C$1,196,400.00 in Stock

Taseko Mines Ltd. (TSE:TKO) insider Brian Lee Bergot sold 120,000 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of C$9.97, for a total value of C$1,196,400.00. Following the completion of the transaction, the insider directly owned 211,811 shares of the company’s stock, valued at C$2,111,755.67. This trade represents a 36.17% decrease in their ownership of the stock.

Taseko Mines Stock Performance

TKO stock traded up C$0.67 during midday trading on Friday, reaching C$11.31. 1,004,010 shares of the company were exchanged, compared to its average volume of 1,533,791. Taseko Mines Ltd. has a 1-year low of C$2.38 and a 1-year high of C$12.47. The stock’s 50-day simple moving average is C$9.10 and its 200 day simple moving average is C$6.74. The company has a market cap of C$4.08 billion, a price-to-earnings ratio of -59.53 and a beta of 2.15.

Taseko Mines (TSE:TKO) last issued its earnings results on Thursday, November 13th. The company reported C$0.02 earnings per share (EPS) for the quarter. The business had revenue of C$173.91 million during the quarter. Taseko Mines had a net margin of 12.69% and a return on equity of 16.33%. On average, research analysts anticipate that Taseko Mines Ltd. will post 0.2801932 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on TKO shares. TD Securities raised their price objective on Taseko Mines from C$6.50 to C$12.00 in a report on Thursday, January 22nd. National Bank Financial upped their target price on Taseko Mines from C$8.50 to C$13.50 in a research report on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Taseko Mines presently has a consensus rating of “Buy” and a consensus price target of C$10.25.

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.