National Bank Financial Lowers Taseko Mines (TSE:TKO) Price Target to C$12.75

Taseko Mines (TSE:TKO) had its price objective reduced by equities research analysts at National Bank Financial from C$13.50 to C$12.75 in a report released on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 16.76% from the stock’s current price.

TKO has been the topic of a number of other reports. Canaccord Genuity Group boosted their price objective on shares of Taseko Mines from C$12.75 to C$13.50 and gave the company a “buy” rating in a research report on Friday. TD Securities lifted their target price on shares of Taseko Mines from C$6.50 to C$12.00 in a research note on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Taseko Mines has a consensus rating of “Buy” and a consensus target price of C$10.88.

Taseko Mines Price Performance

TSE:TKO opened at C$10.92 on Friday. The stock has a market cap of C$3.94 billion, a PE ratio of -57.47 and a beta of 2.15. Taseko Mines has a fifty-two week low of C$2.38 and a fifty-two week high of C$12.47. The stock’s 50-day moving average is C$9.46 and its two-hundred day moving average is C$6.99.

Insider Buying and Selling

In related news, insider Trevor Thomas sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of C$11.56, for a total transaction of C$173,400.00. Following the transaction, the insider owned 120,000 shares of the company’s stock, valued at approximately C$1,387,200. This trade represents a 11.11% decrease in their ownership of the stock. Also, insider Brian Lee Bergot sold 120,000 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of C$9.97, for a total transaction of C$1,196,400.00. Following the completion of the sale, the insider directly owned 211,811 shares of the company’s stock, valued at C$2,111,755.67. This represents a 36.17% decrease in their ownership of the stock. Over the last quarter, insiders have sold 205,000 shares of company stock worth $2,104,800. Insiders own 2.58% of the company’s stock.

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.