Insider Selling: Taseko Mines (TSE:TKO) Insider Sells 50,000 Shares of Stock

Taseko Mines Ltd. (TSE:TKO) insider Bryce Hamming sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of C$11.00, for a total value of C$550,000.00. Following the transaction, the insider directly owned 120,000 shares of the company’s stock, valued at approximately C$1,320,000. This trade represents a 29.41% decrease in their position.

Taseko Mines Trading Down 1.8%

Taseko Mines stock traded down C$0.19 during mid-day trading on Thursday, hitting C$10.52. The company had a trading volume of 589,640 shares, compared to its average volume of 1,439,642. Taseko Mines Ltd. has a 12 month low of C$2.74 and a 12 month high of C$12.47. The company has a market capitalization of C$3.85 billion, a PE ratio of 210.40 and a beta of 2.22. The stock’s 50 day moving average price is C$9.64 and its two-hundred day moving average price is C$8.88.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Canaccord Genuity Group upped their price objective on Taseko Mines from C$12.75 to C$13.50 and gave the company a “buy” rating in a research report on Friday, February 20th. TD Securities lifted their price objective on Taseko Mines from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Finally, National Bank Financial dropped their price target on shares of Taseko Mines from C$13.50 to C$12.75 and set an “outperform” rating on the stock in a report on Friday, February 20th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Taseko Mines has a consensus rating of “Buy” and a consensus target price of C$11.13.

Taseko Mines Company Profile

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.