Taseko Mines (TSE:TKO) Given New C$13.00 Price Target at National Bank Financial

Taseko Mines (TSE:TKO) had its price objective lifted by National Bank Financial from C$12.00 to C$13.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 15.66% from the company’s current price.

Taseko Mines Stock Up 12.9%

TKO traded up C$1.28 during trading on Tuesday, reaching C$11.24. The company had a trading volume of 1,024,078 shares, compared to its average volume of 1,339,687. The business has a 50 day simple moving average of C$9.87 and a 200-day simple moving average of C$9.82. The stock has a market cap of C$4.11 billion, a P/E ratio of 224.80 and a beta of 1.87. Taseko Mines has a 52 week low of C$4.09 and a 52 week high of C$12.47.

Taseko Mines (TSE:TKO) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.08 earnings per share for the quarter. Taseko Mines had a net margin of 2.00% and a return on equity of 2.27%. The business had revenue of C$237.09 million for the quarter. As a group, equities research analysts expect that Taseko Mines will post 0.2801932 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Brian Lee Bergot sold 82,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of C$11.34, for a total transaction of C$929,880.00. Following the transaction, the insider owned 211,811 shares of the company’s stock, valued at approximately C$2,401,936.74. This represents a 27.91% decrease in their ownership of the stock. Also, insider Terry James Morris purchased 11,000 shares of Taseko Mines stock in a transaction dated Thursday, May 21st. The stock was acquired at an average price of C$8.97 per share, for a total transaction of C$98,670.00. Following the completion of the acquisition, the insider owned 11,000 shares of the company’s stock, valued at approximately C$98,670. This trade represents a ∞ increase in their position. Insiders bought a total of 93,000 shares of company stock valued at $325,590 over the last 90 days. Insiders own 2.58% of the company’s stock.

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.