National Bank Financial Lowers Taseko Mines (TSE:TKO) Price Target to C$12.75

Taseko Mines (TSE:TKO) had its price objective lowered by equities research analysts at National Bank Financial from C$13.50 to C$12.75 in a report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 17.30% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Canaccord Genuity Group boosted their price objective on Taseko Mines from C$12.75 to C$13.50 and gave the stock a “buy” rating in a research report on Friday. TD Securities upped their target price on Taseko Mines from C$6.50 to C$12.00 in a research note on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$10.88.

Taseko Mines Stock Up 3.3%

TKO stock traded up C$0.35 during midday trading on Friday, hitting C$10.87. 1,088,795 shares of the company traded hands, compared to its average volume of 1,513,410. The business has a 50 day simple moving average of C$9.39 and a 200-day simple moving average of C$6.92. Taseko Mines has a twelve month low of C$2.38 and a twelve month high of C$12.47. The stock has a market capitalization of C$3.92 billion, a price-to-earnings ratio of -57.21 and a beta of 2.15.

Insiders Place Their Bets

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 value of C$173,400.00. Following the sale, 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 position. Also, insider Richard James Weymark sold 70,000 shares of the stock in a transaction dated Friday, January 30th. The stock was sold at an average price of C$10.50, for a total transaction of C$735,000.00. Insiders sold 205,000 shares of company stock worth $2,104,800 over the last three months. 2.58% of the stock is currently owned by corporate 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.