Taseko Mines (TSE:TKO) Insider Sells C$550,000.00 in Stock

Taseko Mines Ltd. (TSE:TKO) insider Bryce Hamming sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of C$11.00, for a total transaction of C$550,000.00. Following the completion of the sale, the insider directly owned 120,000 shares of the company’s stock, valued at C$1,320,000. The trade was a 29.41% decrease in their position.

Taseko Mines Stock Performance

Shares of TSE:TKO opened at C$9.46 on Friday. Taseko Mines Ltd. has a 52 week low of C$2.74 and a 52 week high of C$12.47. The company has a market capitalization of C$3.46 billion, a PE ratio of 189.20 and a beta of 2.22. The company has a 50 day moving average price of C$9.59 and a two-hundred day moving average price of C$8.92.

Taseko Mines (TSE:TKO) last issued its earnings results on Wednesday, February 18th. The company reported C$0.02 EPS for the quarter. Taseko Mines had a net margin of 2.00% and a return on equity of 2.27%. The firm had revenue of C$243.77 million during the quarter. On average, sell-side analysts forecast that Taseko Mines Ltd. will post 0.2801932 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Canaccord Genuity Group upped their target price on shares of Taseko Mines from C$12.75 to C$13.50 and gave the company a “buy” rating in a research note on Friday, February 20th. National Bank Financial lowered their target price on shares of Taseko Mines from C$13.50 to C$12.75 and set an “outperform” rating for the company in a research note on Friday, February 20th. Finally, TD Securities upped their target price on shares of Taseko Mines from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Taseko Mines has an average rating of “Buy” and an average price target of C$11.13.

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.