Taseko Mines (TSE:TKO) Price Target Lowered to C$12.75 at National Bank Financial

Taseko Mines (TSE:TKO) had its target price decreased by equities researchers at National Bank Financial from C$13.50 to C$12.75 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 17.30% from the company’s current price.

Other analysts have also recently issued research reports about the company. Canaccord Genuity Group raised their target price on Taseko Mines from C$12.75 to C$13.50 and gave the stock a “buy” rating in a research report on Friday. TD Securities increased their price objective on Taseko Mines from C$6.50 to C$12.00 in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$10.88.

Taseko Mines Stock Up 3.3%

Shares of Taseko Mines stock traded up C$0.35 during trading on Friday, hitting C$10.87. The stock had a trading volume of 1,088,795 shares, compared to its average volume of 1,513,410. Taseko Mines has a 1 year low of C$2.38 and a 1 year high of C$12.47. The stock has a 50 day simple moving average of C$9.39 and a 200 day simple moving average of C$6.92. The company has a market capitalization of C$3.92 billion, a PE ratio of -57.21 and a beta of 2.15.

Insider Buying and Selling

In other Taseko Mines news, insider Brian Lee Bergot sold 120,000 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of C$9.97, for a total value of C$1,196,400.00. Following the completion of the sale, the insider directly owned 211,811 shares of the company’s stock, valued at C$2,111,755.67. The trade was a 36.17% decrease in their ownership of the stock. Also, insider Trevor Thomas sold 15,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of C$11.56, for a total transaction of C$173,400.00. Following the transaction, the insider owned 120,000 shares in the company, valued at C$1,387,200. This represents a 11.11% decrease in their position. Over the last quarter, insiders have sold 205,000 shares of company stock worth $2,104,800. Insiders own 2.58% of the company’s stock.

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.