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

Taseko Mines Ltd. (TSE:TKO) Director Russell Edward Hallbauer sold 50,000 shares of Taseko Mines stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of C$3.26, for a total transaction of C$162,875.00.

Taseko Mines Trading Up 6.8 %

Shares of Taseko Mines stock opened at C$3.15 on Thursday. The company’s 50-day moving average price is C$2.93 and its 200-day moving average price is C$3.01. The company has a market cap of C$955.91 million, a price-to-earnings ratio of 12.32 and a beta of 1.92. Taseko Mines Ltd. has a 12-month low of C$2.08 and a 12-month high of C$4.20.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TKO shares. National Bank Financial upgraded shares of Taseko Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. National Bankshares raised Taseko Mines from a “sector perform” rating to an “outperform” rating and cut their price target for the stock from C$4.50 to C$4.25 in a report on Tuesday, December 10th.

About Taseko Mines

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company’s principal asset comprises 100% interest owned the Gibraltar mine located in British Columbia. It also holds interest in the Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.