Taseko Mines (TKO) Reaches New 1-Year High at $2.97

Taseko Mines Ltd (TSE:TKO) (NYSE:TGB)’s share price hit a new 52-week high on Thursday . The stock traded as high as C$2.97 and last traded at C$2.90, with a volume of 280888 shares changing hands. The stock had previously closed at C$2.82.

TKO has been the topic of several analyst reports. TD Securities lifted their price target on shares of Taseko Mines from C$1.90 to C$2.25 in a report on Tuesday, September 26th. BMO Capital Markets lifted their price target on shares of Taseko Mines from C$2.20 to C$2.30 in a report on Tuesday, September 26th. Finally, Scotiabank reaffirmed an “underperform” rating and set a C$1.50 price target on shares of Taseko Mines in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Taseko Mines presently has an average rating of “Hold” and an average price target of C$2.17.

The firm has a market cap of $662.85, a PE ratio of 14.00 and a beta of 2.65.

In related news, Director Russell Edward Hallbauer sold 88,000 shares of the business’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of C$2.95, for a total value of C$259,600.00. Also, insider Brian Battison sold 40,000 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of C$2.94, for a total transaction of C$117,600.00. In the last quarter, insiders have sold 289,800 shares of company stock worth $819,280.

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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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