Brian Lee Bergot Sells 82,000 Shares of Taseko Mines (TSE:TKO) Stock

Taseko Mines Ltd. (TSE:TKO) insider Brian Lee Bergot sold 82,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of C$11.34, for a total transaction of C$929,880.00. Following the sale, the insider directly owned 211,811 shares of the company’s stock, valued at approximately C$2,401,936.74. This trade represents a 27.91% decrease in their position.

Brian Lee Bergot also recently made the following trade(s):

• On Tuesday, June 2nd, Brian Lee Bergot purchased 50,000 shares of Taseko Mines stock. The stock was acquired at an average cost of C$2.58 per share, with a total value of C$129,000.00.
• On Tuesday, June 2nd, Brian Lee Bergot purchased 32,000 shares of Taseko Mines stock. The stock was acquired at an average cost of C$3.06 per share, with a total value of C$97,920.00.

Taseko Mines Trading Down 5.3%

TSE TKO traded down C$0.61 during mid-day trading on Wednesday, hitting C$10.88. The company’s stock had a trading volume of 586,906 shares, compared to its average volume of 1,387,236. The company’s 50 day simple moving average is C$9.64 and its 200 day simple moving average is C$9.20. Taseko Mines Ltd. has a twelve month low of C$3.28 and a twelve month high of C$12.47. The firm has a market capitalization of C$3.98 billion, a price-to-earnings ratio of 217.60 and a beta of 1.87.

Taseko Mines (TSE:TKO) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$0.08 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$237.09 million during the quarter. As a group, research analysts forecast that Taseko Mines Ltd. will post 0.2801932 EPS for the current year.

Analyst Upgrades and Downgrades

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