Taseko Mines (TSE:TKO) Given New C$13.50 Price Target at Canaccord Genuity Group

Taseko Mines (TSE:TKO) had its target price raised by stock analysts at Canaccord Genuity Group from C$12.75 to C$13.50 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 24.20% from the company’s previous close.

A number of other brokerages have also recently issued reports on TKO. TD Securities upped their target price on Taseko Mines from C$6.50 to C$12.00 in a research report on Thursday, January 22nd. National Bank Financial increased their price objective on Taseko Mines from C$8.50 to C$13.50 in a report on Thursday, January 29th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$10.88.

Taseko Mines Stock Up 3.3%

TKO traded up C$0.35 on Friday, reaching C$10.87. The company had a trading volume of 1,088,795 shares, compared to its average volume of 1,513,410. Taseko Mines has a 1 year low of C$2.38 and a 1 year high of C$12.47. The stock has a market capitalization of C$3.92 billion, a PE ratio of -57.21 and a beta of 2.15. The stock has a 50-day moving average price of C$9.39 and a 200-day moving average price of C$6.92.

Insider Buying and Selling at Taseko Mines

In other news, insider Brian Lee Bergot sold 120,000 shares of Taseko Mines stock in a transaction dated 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 sale, the insider owned 211,811 shares of the company’s stock, valued at C$2,111,755.67. The trade was a 36.17% decrease in their ownership of the stock. Also, insider Trevor Thomas sold 15,000 shares of the stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of C$11.56, for a total transaction of C$173,400.00. Following the transaction, the insider directly owned 120,000 shares of the company’s stock, valued at C$1,387,200. This represents a 11.11% decrease in their ownership of the stock. In the last ninety days, insiders have sold 205,000 shares of company stock worth $2,104,800. 2.58% of the stock is currently owned by insiders.

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.