Taseko Mines Ltd (TKO) Stock Price Down 10.2%

Taseko Mines Ltd (TSE:TKO) (NYSE:TGB) shares were down 10.2% during trading on Friday . The company traded as low as C$2.08 and last traded at C$2.54. Approximately 684,719 shares changed hands during mid-day trading, an increase of 56% from the average daily volume of 439,592 shares. The stock had previously closed at C$2.83.

A number of research analysts have recently commented on TKO shares. BMO Capital Markets increased their target price on shares of Taseko Mines from C$2.20 to C$2.30 in a report on Tuesday, September 26th. TD Securities increased their target price on shares of Taseko Mines from C$1.90 to C$2.25 in a report on Tuesday, September 26th. National Bank Financial dropped their target price on shares of Taseko Mines from C$2.20 to C$2.10 and set a “sector perform” rating for the company in a report on Monday, July 24th. Finally, Scotiabank dropped their target price on shares of Taseko Mines from C$1.70 to C$1.50 and set an “underperform” rating for the company in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of C$1.98.

The stock’s 50-day moving average price is $2.54 and its 200 day moving average price is $1.95. The firm has a market capitalization of $617.60 million and a price-to-earnings ratio of 54.60.

In related news, insider Scott Jones sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of C$2.55, for a total value of C$63,750.00. Also, Director Russell Edward Hallbauer sold 88,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of C$2.95, for a total value of C$259,600.00. Insiders sold a total of 377,000 shares of company stock valued at $940,090 in the last 90 days.

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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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