Bryce Hamming Sells 50,000 Shares of Taseko Mines (TSE:TKO) Stock

Taseko Mines Ltd. (TSE:TKO) insider Bryce Hamming sold 50,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of C$11.00, for a total value of C$550,000.00. Following the transaction, the insider directly owned 120,000 shares of the company’s stock, valued at C$1,320,000. The trade was a 29.41% decrease in their position.

Taseko Mines Price Performance

Shares of Taseko Mines stock opened at C$9.46 on Friday. The business has a 50 day simple moving average of C$9.59 and a two-hundred day simple moving average of C$8.92. Taseko Mines Ltd. has a 12 month low of C$2.74 and a 12 month high of C$12.47. The stock has a market capitalization of C$3.46 billion, a P/E ratio of 189.20 and a beta of 2.22.

Taseko Mines (TSE:TKO) last announced its earnings results on Wednesday, February 18th. The company reported C$0.02 EPS for the quarter. Taseko Mines had a return on equity of 2.27% and a net margin of 2.00%.The business had revenue of C$243.77 million during the quarter. As a group, research analysts anticipate that Taseko Mines Ltd. will post 0.2801932 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on TKO. Canaccord Genuity Group increased their price target on Taseko Mines from C$12.75 to C$13.50 and gave the company a “buy” rating in a report on Friday, February 20th. TD Securities increased their price target on Taseko Mines from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Finally, National Bank Financial cut their price target on Taseko Mines from C$13.50 to C$12.75 and set an “outperform” rating for the company in a report on Friday, February 20th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Taseko Mines currently has an average rating of “Buy” and a consensus price target of C$11.13.

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.