Insider Buying: Taseko Mines (TSE:TKO) Insider Purchases C$98,670.00 in Stock

Taseko Mines Ltd. (TSE:TKO) insider Terry James Morris purchased 11,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average cost of C$8.97 per share, with a total value of C$98,670.00. Following the completion of the acquisition, the insider directly owned 11,000 shares of the company’s stock, valued at C$98,670. This represents a ∞ increase in their ownership of the stock.

Taseko Mines Stock Down 0.1%

Shares of TKO opened at C$9.10 on Friday. The stock has a 50 day moving average price of C$9.51 and a 200 day moving average price of C$9.02. The company has a market capitalization of C$3.33 billion, a price-to-earnings ratio of 182.00 and a beta of 2.22. Taseko Mines Ltd. has a 52-week low of C$2.84 and a 52-week high of C$12.47.

Taseko Mines (TSE:TKO) last posted its quarterly earnings data on Wednesday, February 18th. The company reported C$0.02 earnings per share for the quarter. The business had revenue of C$243.77 million during the quarter. Taseko Mines had a return on equity of 2.27% and a net margin of 2.00%. On average, equities analysts anticipate that Taseko Mines Ltd. will post 0.2801932 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TKO. Canaccord Genuity Group raised their target price on shares of Taseko Mines from C$12.75 to C$13.50 and gave the stock a “buy” rating in a research report on Friday, February 20th. 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 research report on Friday, February 20th. Finally, TD Securities raised their target price on shares of Taseko Mines from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$11.13.

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.