Taseko Mines Ltd (TKO) Trading Down 5.6%
Taseko Mines Ltd (TSE:TKO) (NYSE:TGB) was down 5.6% on Wednesday . The company traded as low as C$2.34 and last traded at C$2.34. Approximately 323,782 shares were traded during trading, an increase of 4% from the average daily volume of 311,875 shares. The stock had previously closed at C$2.48.
A number of equities research analysts have recently weighed in on TKO shares. TD Securities dropped their target price on Taseko Mines from C$2.00 to C$1.90 and set a “hold” rating for the company in a research report on Friday, June 16th. National Bank Financial dropped their target price on Taseko Mines from C$2.20 to C$2.10 and set a “sector perform” rating for the company in a research report on Monday, July 24th. Finally, Scotiabank dropped their target price on Taseko Mines from C$1.70 to C$1.50 and set an “underperform” rating for the company in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$1.68.
The company has a market capitalization of $524.85 million and a price-to-earnings ratio of 46.40. The company’s 50 day moving average price is $2.14 and its 200-day moving average price is $1.78.
In related news, insider Stuart David Mcdonald bought 40,000 shares of the business’s stock in a transaction on Monday, June 26th. The shares were purchased at an average cost of C$1.60 per share, with a total value of C$64,000.00. Also, insider John Mcmanus sold 50,000 shares of Taseko Mines stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of C$2.20, for a total value of C$110,000.00. Insiders have sold a total of 158,000 shares of company stock worth $318,240 over the last ninety days.
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About Taseko Mines
Taseko Mines Limited is a mining company. The Company 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. Its projects represent a range of metals, including gold, copper and niobium.
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