Taseko Mines (TSE:TKO) Stock Price Down 9.4% – Should You Sell?

Taseko Mines Ltd. (TSE:TKO)’s share price dropped 9.4% during trading on Friday . The company traded as low as C$2.76 and last traded at C$2.78. Approximately 846,568 shares traded hands during mid-day trading, an increase of 44% from the average daily volume of 589,885 shares. The stock had previously closed at C$3.07.

Analyst Ratings Changes

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

Taseko Mines Stock Down 10.7 %

The company has a market capitalization of C$831.49 million, a P/E ratio of 10.72 and a beta of 1.92. The firm’s 50-day moving average price is C$3.06 and its 200 day moving average price is C$3.00.

Insiders Place Their Bets

In related news, Director Russell Edward Hallbauer sold 50,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of C$3.26, for a total transaction of C$162,875.00. Also, Director Kenneth William Pickering purchased 15,000 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The shares were purchased at an average price of C$3.25 per share, for a total transaction of C$48,750.00. Corporate 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.