Insider Buying: Taseko Mines (TSE:TKO) Insider Acquires 11,000 Shares of Stock

Taseko Mines Ltd. (TSE:TKO) insider Terry James Morris purchased 11,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was purchased at an average cost of C$8.97 per share, for a total transaction of C$98,670.00. Following the completion of the acquisition, the insider directly owned 11,000 shares of the company’s stock, valued at approximately C$98,670. The trade was a ∞ increase in their position.

Taseko Mines Price Performance

TSE TKO traded up C$0.14 on Thursday, hitting C$9.21. The stock had a trading volume of 298,652 shares, compared to its average volume of 1,427,811. The business’s fifty day moving average price is C$9.54 and its 200 day moving average price is C$9.00. Taseko Mines Ltd. has a 52-week low of C$2.80 and a 52-week high of C$12.47. The stock has a market cap of C$3.37 billion, a price-to-earnings ratio of 184.20 and a beta of 2.22.

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

Wall Street Analysts Forecast Growth

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

Taseko Mines Company Profile

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.