Taseko Mines (TSE:TKO) Given New C$13.00 Price Target at TD Securities

Taseko Mines (TSE:TKO) had its price target increased by TD Securities from C$12.00 to C$13.00 in a report published on Monday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other research analysts have also recently commented on TKO. Canaccord Genuity Group upped their price target on Taseko Mines from C$12.75 to C$13.50 and gave the company a “buy” rating in a research report on Friday. National Bank Financial dropped their price objective on shares of Taseko Mines from C$13.50 to C$12.75 and set an “outperform” rating on the stock in a report on Friday. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Taseko Mines has an average rating of “Buy” and a consensus price target of C$11.13.

Taseko Mines Trading Down 0.7%

Taseko Mines stock opened at C$10.84 on Monday. The business’s 50 day simple moving average is C$9.53 and its 200 day simple moving average is C$7.05. Taseko Mines has a 12 month low of C$2.38 and a 12 month high of C$12.47. The company has a market cap of C$3.91 billion, a price-to-earnings ratio of -57.05 and a beta of 2.15.

Insider Activity 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 transaction, the insider owned 211,811 shares in the company, valued at C$2,111,755.67. This represents a 36.17% decrease in their ownership of the stock. Also, insider Trevor Thomas sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of C$11.56, for a total transaction of C$173,400.00. Following the completion of the sale, the insider owned 120,000 shares in the company, valued at C$1,387,200. This represents a 11.11% decrease in their position. Insiders sold 205,000 shares of company stock valued at $2,104,800 over the last 90 days. Corporate insiders own 2.58% of the company’s stock.

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.