Taseko Mines (TKO) Shares Up 16.5% on Insider Buying Activity
Shares of Taseko Mines Ltd (TSE:TKO) (NYSE:TGB) shot up 16.5% on Thursday following insider buying activity. The company traded as high as C$1.85 and last traded at C$1.84. 468,091 shares traded hands during mid-day trading, an increase of 46% from the average session volume of 320,371 shares. The stock had previously closed at C$1.58.
Specifically, insider Stuart David Mcdonald acquired 20,000 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was bought at an average cost of C$1.60 per share, with a total value of C$32,000.00.
Several brokerages have weighed in on TKO. BMO Capital Markets raised their price objective on shares of Taseko Mines from C$2.60 to C$3.25 in a report on Monday, December 18th. National Bank Financial lifted their price target on shares of Taseko Mines from C$2.90 to C$3.20 and gave the company a “sector perform” rating in a report on Friday, January 26th. Scotiabank decreased their price target on shares of Taseko Mines from C$2.25 to C$1.60 and set an “underperform” rating for the company in a report on Friday, February 23rd. TD Securities decreased their price target on shares of Taseko Mines from C$3.00 to C$2.50 and set a “hold” rating for the company in a report on Friday, February 23rd. Finally, Paradigm Capital decreased their price target on shares of Taseko Mines from C$2.60 to C$2.30 in a report on Friday, February 23rd.
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Taseko Mines Company Profile
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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