Taseko Mines (TSE:TKO) Insider Richard James Weymark Sells 70,000 Shares

Taseko Mines Ltd. (TSE:TKO) insider Richard James Weymark sold 70,000 shares of Taseko Mines stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of C$10.50, for a total transaction of C$735,000.00.

Taseko Mines Stock Up 6.3%

TKO traded up C$0.67 during trading hours on Friday, hitting C$11.31. 1,004,010 shares of the company’s stock were exchanged, compared to its average volume of 1,533,791. The stock has a market cap of C$4.08 billion, a price-to-earnings ratio of -59.53 and a beta of 2.15. Taseko Mines Ltd. has a 1-year low of C$2.38 and a 1-year high of C$12.47. The stock’s 50-day moving average is C$9.10 and its two-hundred day moving average is C$6.74.

Taseko Mines (TSE:TKO) last issued its quarterly earnings results on Thursday, November 13th. The company reported C$0.02 EPS for the quarter. Taseko Mines had a net margin of 12.69% and a return on equity of 16.33%. The firm had revenue of C$173.91 million for the quarter. On average, equities research analysts anticipate that Taseko Mines Ltd. will post 0.2801932 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on TKO. TD Securities increased their price target on Taseko Mines from C$6.50 to C$12.00 in a research report on Thursday, January 22nd. National Bank Financial upped their price objective on Taseko Mines from C$8.50 to C$13.50 in a research note on Thursday, January 29th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$10.25.

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.