Taseko Mines (LON:TKO) Insider Russell Hallbauer Sells 30,000 Shares

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

Taseko Mines Stock Down 7.4%

TKO opened at GBX 530 on Tuesday. Taseko Mines Limited has a 12-month low of GBX 125.50 and a 12-month high of GBX 665. The stock has a market cap of £1.93 billion, a price-to-earnings ratio of -58.89 and a beta of 1.89. The business has a 50 day moving average of GBX 553.65 and a 200-day moving average of GBX 402.91.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised their price target on Taseko Mines from GBX 330 to GBX 390 and gave the company a “buy” rating in a report on Friday, November 14th. One investment analyst has 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 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.