Taseko Mines (LON:TKO) Insider Sells £170,100 in Stock

Taseko Mines Limited (LON:TKO) insider Russell Hallbauer sold 30,000 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of GBX 567, for a total transaction of £170,100.

Taseko Mines Stock Performance

Taseko Mines stock opened at GBX 556 on Thursday. The company has a market capitalization of £2.03 billion, a PE ratio of -61.78 and a beta of 1.89. Taseko Mines Limited has a fifty-two week low of GBX 125.50 and a fifty-two week high of GBX 665. The firm has a 50 day moving average price of GBX 558.88 and a 200 day moving average price of GBX 406.26.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their price objective on Taseko Mines from GBX 330 to GBX 390 and gave the company a “buy” rating in a research note on Friday, November 14th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 390.

About Taseko Mines

Taseko Mines is a dynamic and growing mining company focused on the operation and development of copper mines in North America.

Headquartered in Vancouver, Taseko operates the state-of-the-art Gibraltar Mine (100% owned), the second largest copper mine in Canada, with a nearly 700-person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year.

In addition to the Yellowhead copper project and the Aley niobium project, Taseko is also advancing the Florence Copper project in Arizona – a near-term copper producer with an unparalleled energy, water and GHG profile per unit of production.