Taseko Mines (TSE:TKO) Price Target Raised to C$8.50

Taseko Mines (TSE:TKO) had its target price raised by National Bankshares from C$7.25 to C$8.50 in a report released on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, TD Securities raised shares of Taseko Mines from a “hold” rating to a “buy” rating and raised their price target for the company from C$5.00 to C$6.50 in a research report on Thursday, October 23rd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$6.75.

Taseko Mines Stock Down 0.1%

TKO stock opened at C$7.49 on Thursday. The firm has a market capitalization of C$2.70 billion, a PE ratio of -39.42 and a beta of 1.80. Taseko Mines has a twelve month low of C$2.38 and a twelve month high of C$7.66. The stock’s 50 day moving average is C$6.36 and its 200-day moving average is C$5.15.

Taseko Mines (TSE:TKO) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.02 EPS for the quarter. Taseko Mines had a return on equity of 16.33% and a net margin of 12.69%.The business had revenue of C$173.91 million during the quarter. On average, equities research analysts anticipate that Taseko Mines will post 0.2801932 earnings per share for the current fiscal year.

Insider Activity at Taseko Mines

In related news, insider Robert John Rotzinger sold 150,000 shares of Taseko Mines stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of C$5.07, for a total value of C$759,750.00. Following the completion of the transaction, the insider directly owned 131,958 shares in the company, valued at approximately C$668,367.27. The trade was a 53.20% decrease in their position. Also, Director Russell Edward Hallbauer sold 30,000 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of C$5.89, for a total value of C$176,700.00. Following the sale, the director owned 1,802,750 shares in the company, valued at approximately C$10,618,197.50. This represents a 1.64% decrease in their position. Over the last ninety days, insiders sold 184,500 shares of company stock valued at $963,000. 2.58% of the stock is owned by 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.