Taseko Mines (TSE:TKO) Stock Price Expected to Rise, TD Securities Analyst Says

Taseko Mines (TSE:TKO) had its target price boosted by analysts at TD Securities from C$12.00 to C$13.00 in a report issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 18.51% from the stock’s current price.

Several other research firms have also weighed in on TKO. National Bank Financial reduced their target price on Taseko Mines from C$13.50 to C$12.75 and set an “outperform” rating for the company in a report on Friday. Canaccord Genuity Group increased their price target on Taseko Mines from C$12.75 to C$13.50 and gave the company a “buy” rating in a report on Friday. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$11.13.

Taseko Mines Trading Up 0.5%

TSE TKO traded up C$0.05 during trading on Monday, hitting C$10.97. 693,307 shares of the company traded hands, compared to its average volume of 1,520,386. Taseko Mines has a 12 month low of C$2.38 and a 12 month high of C$12.47. The business has a fifty day simple moving average of C$9.46 and a 200 day simple moving average of C$7.01. The company has a market capitalization of C$3.95 billion, a P/E ratio of -57.74 and a beta of 2.15.

Insider Transactions at Taseko Mines

In other news, insider Trevor Thomas sold 15,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider owned 120,000 shares of the company’s stock, valued at approximately C$1,387,200. This represents a 11.11% decrease in their ownership of the stock. Also, insider Brian Lee Bergot sold 120,000 shares of Taseko Mines stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of C$9.97, for a total value of C$1,196,400.00. Following the sale, the insider directly owned 211,811 shares in the company, valued at approximately C$2,111,755.67. This trade represents a 36.17% decrease in their ownership of the stock. Insiders sold a total of 205,000 shares of company stock worth $2,104,800 over the last three months. 2.58% of the stock is currently 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.