Insider Selling: Taseko Mines (TSE:TKO) Insider Sells C$735,000.00 in Stock

Taseko Mines Ltd. (TSE:TKO) insider Richard James Weymark sold 70,000 shares of the business’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of C$10.50, for a total value of C$735,000.00.

Taseko Mines Price Performance

Shares of TKO stock opened at C$11.31 on Tuesday. The stock’s 50-day moving average is C$9.19 and its 200 day moving average is C$6.82. Taseko Mines Ltd. has a 1-year low of C$2.38 and a 1-year high of C$12.47. The company has a market cap of C$4.08 billion, a P/E ratio of -59.53 and a beta of 2.15.

Analysts Set New Price Targets

Several research firms recently commented on TKO. TD Securities increased their target price on shares of 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. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$10.25.

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.