Taseko Mines (TSE:TKO) Stock Price Expected to Rise, National Bankshares Analyst Says

Taseko Mines (TSE:TKO) had its price objective raised by National Bankshares from C$7.25 to C$8.50 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 12.14% from the company’s current price.

Separately, TD Securities raised shares of Taseko Mines from a “hold” rating to a “buy” rating and upped their price target for the company from C$5.00 to C$6.50 in a research report on Thursday, October 23rd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Taseko Mines has a consensus rating of “Buy” and an average target price of C$6.75.

Taseko Mines Stock Up 4.8%

Shares of Taseko Mines stock traded up C$0.35 on Thursday, reaching C$7.58. The company’s stock had a trading volume of 559,107 shares, compared to its average volume of 655,852. Taseko Mines has a 52 week low of C$2.38 and a 52 week high of C$7.61. The firm’s fifty day simple moving average is C$6.30 and its two-hundred day simple moving average is C$5.08. The company has a market capitalization of C$2.73 billion, a price-to-earnings ratio of -39.89 and a beta of 1.80.

Taseko Mines (TSE:TKO) last announced its earnings results on Thursday, November 13th. The company reported C$0.02 earnings per share for the quarter. Taseko Mines had a net margin of 12.69% and a return on equity of 16.33%. The business had revenue of C$173.91 million during the quarter. As a group, research analysts predict that Taseko Mines will post 0.2801932 EPS for the current year.

Insiders Place Their Bets

In related news, Director Russell Edward Hallbauer sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of C$5.89, for a total value of C$176,700.00. Following the transaction, the director directly owned 1,802,750 shares of the company’s stock, valued at approximately C$10,618,197.50. The trade was a 1.64% decrease in their position. Also, insider Robert John Rotzinger sold 150,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of C$5.07, for a total transaction of C$759,750.00. Following the sale, the insider directly owned 131,958 shares of the company’s stock, valued at approximately C$668,367.27. This trade represents a 53.20% decrease in their ownership of the stock. Insiders sold a total of 184,500 shares of company stock valued at $963,000 in the last quarter. 2.58% of the stock is currently owned by company 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.