TD Securities Issues Positive Forecast for Taseko Mines (TSE:TKO) Stock Price

Taseko Mines (TSE:TKO) had its price objective raised by TD Securities from C$12.00 to C$13.00 in a report released on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 18.51% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. National Bank Financial lowered their target price on shares of Taseko Mines from C$13.50 to C$12.75 and set an “outperform” rating on the stock in a report on Friday. Canaccord Genuity Group upped their price objective on shares of Taseko Mines from C$12.75 to C$13.50 and gave the stock a “buy” rating in a research note on Friday. Four analysts have rated the stock with a Buy rating, According to MarketBeat, Taseko Mines has a consensus rating of “Buy” and an average target price of C$11.13.

Taseko Mines Stock Up 0.5%

TSE:TKO traded up C$0.05 during trading hours on Monday, reaching C$10.97. The company had a trading volume of 693,307 shares, compared to its average volume of 1,520,386. The stock has a 50-day moving average of C$9.46 and a two-hundred day moving average of C$7.01. Taseko Mines has a one year low of C$2.38 and a one year high of C$12.47. The firm has a market capitalization of C$3.95 billion, a PE ratio of -57.74 and a beta of 2.15.

Insider Activity at Taseko Mines

In other Taseko Mines news, insider Richard James Weymark sold 70,000 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of C$10.50, for a total value of C$735,000.00. Also, insider Trevor Thomas sold 15,000 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of C$11.56, for a total transaction of C$173,400.00. Following the sale, the insider directly owned 120,000 shares in the company, valued at C$1,387,200. This trade represents a 11.11% decrease in their ownership of the stock. Insiders sold 205,000 shares of company stock valued at $2,104,800 over the last ninety days. 2.58% of the stock is owned by 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.