Taseko Mines (TSE:TKO) Stock Price Down 2.8% – Time to Sell?

Shares of Taseko Mines Ltd. (TSE:TKO) traded down 2.8% during mid-day trading on Friday . The company traded as low as C$3.85 and last traded at C$3.88. 480,114 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 607,658 shares. The stock had previously closed at C$3.99.

Analysts Set New Price Targets

Separately, National Bankshares increased their price target on Taseko Mines from C$4.25 to C$4.50 and gave the company an “outperform” rating in a research report on Wednesday, April 2nd.

Taseko Mines Stock Performance

The company has a market cap of C$1.18 billion, a price-to-earnings ratio of 15.18 and a beta of 1.92. The business has a 50-day simple moving average of C$3.22 and a 200-day simple moving average of C$3.06.

Insider Buying and Selling at Taseko Mines

In other Taseko Mines news, Director Kenneth William Pickering acquired 15,000 shares of the company’s stock in a transaction dated Friday, March 28th. The shares were acquired at an average price of C$3.25 per share, for a total transaction of C$48,750.00. 2.58% of the stock is owned by corporate 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.