Taseko Mines (TSE:TKO) Trading Down 1.5% – Time to Sell?

Taseko Mines Ltd. (TSE:TKO) shares traded down 1.5% during mid-day trading on Tuesday . The stock traded as low as C$9.02 and last traded at C$9.14. 1,085,047 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 1,557,998 shares. The stock had previously closed at C$9.28.

Analyst Ratings Changes

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

Taseko Mines Stock Performance

The company has a market capitalization of C$3.33 billion, a price-to-earnings ratio of -101.56 and a beta of 1.90. The firm has a fifty day moving average price of C$10.43 and a 200-day moving average price of C$7.74.

Taseko Mines (TSE:TKO) last posted its quarterly earnings results on Wednesday, February 18th. The company reported C$0.02 EPS for the quarter. Taseko Mines had a negative return on equity of 5.02% and a negative net margin of 4.47%.The business had revenue of C$243.77 million during the quarter. On average, sell-side analysts forecast that Taseko Mines Ltd. will post 0.2801932 EPS for the current fiscal year.

Insider Buying and Selling at Taseko Mines

In related news, insider Brian Lee Bergot sold 120,000 shares of the stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of C$9.97, for a total transaction of C$1,196,400.00. Following the sale, the insider owned 211,811 shares in the company, valued at approximately C$2,111,755.67. This trade represents a 36.17% decrease in their position. Also, insider Richard James Weymark sold 70,000 shares of Taseko Mines stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of C$10.50, for a total transaction of C$735,000.00. Insiders have sold a total of 205,000 shares of company stock valued at $2,104,800 in the last ninety days. 2.58% of the stock is currently owned by company insiders.

About Taseko Mines

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.