Taseko Mines (TSE:TKO) Price Target Raised to C$4.50

Taseko Mines (TSE:TKO) had its price target increased by investment analysts at National Bankshares from C$4.25 to C$4.50 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 41.51% from the company’s previous close.

Separately, National Bank Financial raised Taseko Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th.

Taseko Mines Stock Performance

Shares of TKO stock traded down C$0.08 during mid-day trading on Wednesday, reaching C$3.18. 216,024 shares of the company’s stock traded hands, compared to its average volume of 534,431. Taseko Mines has a 12 month low of C$2.56 and a 12 month high of C$4.20. The firm has a 50 day moving average price of C$3.08 and a two-hundred day moving average price of C$3.07. The firm has a market capitalization of C$965.01 million, a PE ratio of 12.44 and a beta of 1.92.

Insider Activity

In other Taseko Mines news, Director Anu Dhir purchased 44,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were bought at an average cost of C$0.72 per share, with a total value of C$31,680.00. Also, Director Russell Edward Hallbauer sold 50,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of C$3.26, for a total transaction of C$162,875.00. Insiders own 2.58% of the company’s stock.

Taseko Mines Company Profile

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.