Taseko Mines Ltd (TKO) Reaches New 12-Month High at $2.51

Taseko Mines Ltd (TSE:TKO) (NYSE:TGB) shares reached a new 52-week high on Tuesday . The stock traded as high as C$2.51 and last traded at C$2.51, with a volume of 304,329 shares traded. The stock had previously closed at C$2.39.

Several research analysts have weighed in on the stock. TD Securities increased their price target on shares of Taseko Mines from C$1.90 to C$2.25 in a research report on Tuesday, September 26th. BMO Capital Markets increased their price objective on shares of Taseko Mines from C$2.20 to C$2.30 in a research note on Tuesday, September 26th. Scotiabank reduced their price objective on shares of Taseko Mines from C$1.70 to C$1.50 and set an “underperform” rating for the company in a research note on Friday, August 4th. Finally, National Bank Financial reduced their price objective on shares of Taseko Mines from C$2.20 to C$2.10 and set a “sector perform” rating for the company in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of C$1.78.

The stock has a market capitalization of $601.77 million and a PE ratio of 53.20. The stock has a 50 day moving average price of $2.31 and a 200 day moving average price of $1.84.

In related news, insider Scott Jones sold 25,000 shares of the business’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of C$2.55, for a total value of C$63,750.00. Also, Director Alexander Morrison sold 88,000 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of C$2.28, for a total transaction of C$200,640.00. Over the last quarter, insiders sold 183,000 shares of company stock valued at $381,990.

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About Taseko Mines

Taseko Mines Limited is a mining company. The Company 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. Its projects represent a range of metals, including gold, copper and niobium.

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