Taseko Mines (TSE:TKO) Shares Up 13.2% – Should You Buy?

Taseko Mines Ltd. (TSE:TKO) shares rose 13.2% during trading on Wednesday . The stock traded as high as C$2.82 and last traded at C$2.75. Approximately 771,853 shares traded hands during mid-day trading, an increase of 32% from the average daily volume of 585,365 shares. The stock had previously closed at C$2.43.

Wall Street Analyst Weigh In

Separately, National Bankshares boosted their price target on Taseko Mines from C$4.25 to C$4.50 and gave the stock an “outperform” rating in a research report on Wednesday, April 2nd.

Taseko Mines Trading Up 6.1 %

The stock has a market cap of C$843.63 million, a P/E ratio of 10.87 and a beta of 1.92. The stock’s 50-day moving average is C$3.06 and its 200-day moving average is C$3.04.

Insider Transactions at Taseko Mines

In other news, Director Anu Dhir acquired 44,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were bought at an average price of C$0.72 per share, with a total value of C$31,680.00. Also, Director Russell Edward Hallbauer sold 50,000 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of C$1.23, for a total value of C$61,500.00. Company insiders own 2.58% of the company’s stock.

Taseko Mines Company Profile

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company’s principal asset comprises 100% interest owned the Gibraltar mine located in British Columbia. It also holds interest in the Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.