Taseko Mines (TSE:TKO) Insider Trevor Thomas Sells 15,000 Shares

Taseko Mines Ltd. (TSE:TKO) insider Trevor Thomas sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of C$11.56, for a total transaction of C$173,400.00. Following the completion of the transaction, the insider owned 120,000 shares of the company’s stock, valued at approximately C$1,387,200. The trade was a 11.11% decrease in their ownership of the stock.

Taseko Mines Trading Up 6.3%

Shares of TKO opened at C$11.31 on Friday. The business’s fifty day simple moving average is C$9.10 and its two-hundred day simple moving average is C$6.75. Taseko Mines Ltd. has a 12 month low of C$2.38 and a 12 month high of C$12.47. The company has a market cap of C$4.08 billion, a price-to-earnings ratio of -59.53 and a beta of 2.15.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on TKO shares. TD Securities boosted their target price on Taseko Mines from C$6.50 to C$12.00 in a research report on Thursday, January 22nd. National Bank Financial lifted 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 analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$10.25.

Taseko Mines Company Profile

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.