Taseko Mines (TSE:TKO) Insider Sells C$929,880.00 in Stock

Taseko Mines Ltd. (TSE:TKO) insider Brian Lee Bergot sold 82,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of C$11.34, for a total transaction of C$929,880.00. Following the completion of the transaction, the insider directly owned 211,811 shares of the company’s stock, valued at C$2,401,936.74. This trade represents a 27.91% decrease in their position.

Brian Lee Bergot also recently made the following trade(s):

• On Tuesday, June 2nd, Brian Lee Bergot acquired 50,000 shares of Taseko Mines stock. The stock was acquired at an average price of C$2.58 per share, with a total value of C$129,000.00.
• On Tuesday, June 2nd, Brian Lee Bergot acquired 32,000 shares of Taseko Mines stock. The stock was acquired at an average price of C$3.06 per share, with a total value of C$97,920.00.

Taseko Mines Price Performance

TSE TKO traded down C$0.61 during trading hours on Wednesday, reaching C$10.88. The company’s stock had a trading volume of 586,906 shares, compared to its average volume of 1,387,236. The firm has a fifty day simple moving average of C$9.64 and a 200-day simple moving average of C$9.20. The stock has a market cap of C$3.98 billion, a P/E ratio of 217.60 and a beta of 1.87. Taseko Mines Ltd. has a 52 week low of C$3.28 and a 52 week high of C$12.47.

Taseko Mines (TSE:TKO) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.08 earnings per share (EPS) for the quarter. The business had revenue of C$237.09 million during the quarter. Taseko Mines had a net margin of 2.00% and a return on equity of 2.27%. On average, research analysts expect that Taseko Mines Ltd. will post 0.2801932 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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