Insider Selling: Taseko Mines (TSE:TKO) Insider Sells 120,000 Shares of Stock

Taseko Mines Ltd. (TSE:TKO) insider Brian Lee Bergot sold 120,000 shares of the 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 transaction of C$1,196,400.00. Following the sale, the insider directly 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 position.

Taseko Mines Price Performance

Taseko Mines stock traded up C$0.67 during mid-day trading on Friday, reaching C$11.31. 1,004,010 shares of the company traded hands, compared to its average volume of 1,533,791. Taseko Mines Ltd. has a fifty-two week low of C$2.38 and a fifty-two week high of C$12.47. The firm’s fifty day moving average is C$9.10 and its two-hundred day moving average is C$6.74. The company has a market capitalization 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 quarterly earnings results on Thursday, November 13th. The company reported C$0.02 earnings per share for the quarter. The company had revenue of C$173.91 million for the quarter. Taseko Mines had a net margin of 12.69% and a return on equity of 16.33%. As a group, equities research analysts predict that Taseko Mines Ltd. will post 0.2801932 earnings per share for the current year.

Wall Street Analyst Weigh In

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