Taseko Mines (TSE:TKO) Insider Sells C$1,196,400.00 in Stock

Taseko Mines Ltd. (TSE:TKO) insider Brian Lee Bergot sold 120,000 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of C$9.97, for a total value of C$1,196,400.00. Following the sale, the insider owned 211,811 shares of the company’s stock, valued at C$2,111,755.67. This trade represents a 36.17% decrease in their position.

Taseko Mines Trading Up 6.3%

Shares of TSE:TKO opened at C$11.31 on Tuesday. The stock has a market cap of C$4.08 billion, a PE ratio of -59.53 and a beta of 2.15. The stock’s fifty day simple moving average is C$9.19 and its two-hundred day simple 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.

Analyst Ratings Changes

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