Taseko Mines (TSE:TKO) Shares Up 2.5% – What’s Next?

Taseko Mines Ltd. (TSE:TKO) shares shot up 2.5% during mid-day trading on Wednesday . The company traded as high as C$2.51 and last traded at C$2.49. 257,554 shares changed hands during trading, a decline of 56% from the average session volume of 580,812 shares. The stock had previously closed at C$2.43.

Analyst Ratings Changes

Separately, National Bankshares lifted their target price 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 Trading Up 6.1 %

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

Insider Activity at Taseko Mines

In other news, Director Anu Dhir acquired 44,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was purchased at an average cost of C$0.72 per share, for a total transaction of C$31,680.00. Also, Director Russell Edward Hallbauer sold 50,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of C$3.26, for a total value of C$162,875.00. 2.58% of the stock is owned by corporate insiders.

About Taseko Mines

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.