Insider Selling: Taseko Mines (TSE:TKO) Insider Sells 70,000 Shares of Stock

Taseko Mines Ltd. (TSE:TKO) insider Richard James Weymark sold 70,000 shares of the firm’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of C$10.50, for a total value of C$735,000.00.

Taseko Mines Stock Up 6.3%

Shares of TKO traded up C$0.67 during trading hours on Friday, hitting C$11.31. The company had a trading volume of 1,004,010 shares, compared to its average volume of 1,533,791. Taseko Mines Ltd. has a 12 month low of C$2.38 and a 12 month high of C$12.47. The firm has a market cap of C$4.08 billion, a price-to-earnings ratio of -59.53 and a beta of 2.15. The business has a fifty day moving average of C$9.10 and a 200-day moving average of C$6.74.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. TD Securities boosted their price target on Taseko Mines from C$6.50 to C$12.00 in a research note on Thursday, January 22nd. National Bank Financial upped their price target on shares of Taseko Mines from C$8.50 to C$13.50 in a research note on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Taseko Mines has an average rating of “Buy” and a consensus target price of C$10.25.

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.