Taseko Mines (TSE:TKO) Director Russell Edward Hallbauer Sells 30,000 Shares of Stock

Taseko Mines Ltd. (TSE:TKO) Director Russell Edward Hallbauer sold 30,000 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of C$5.89, for a total transaction of C$176,700.00. Following the sale, the director owned 1,802,750 shares in the company, valued at approximately C$10,618,197.50. This trade represents a 1.64% decrease in their position.

Russell Edward Hallbauer also recently made the following trade(s):

• On Tuesday, September 30th, Russell Edward Hallbauer sold 4,500 shares of Taseko Mines stock. The stock was sold at an average price of C$5.90, for a total transaction of C$26,550.00.
• On Wednesday, July 23rd, Russell Edward Hallbauer sold 15,000 shares of Taseko Mines stock. The stock was sold at an average price of C$4.80, for a total transaction of C$72,000.00.

Taseko Mines Trading Down 4.4%

TSE TKO opened at C$5.43 on Friday. Taseko Mines Ltd. has a 52 week low of C$2.38 and a 52 week high of C$6.73. The stock has a market cap of C$1.72 billion, a price-to-earnings ratio of -54.30 and a beta of 1.74. The company has a 50-day moving average price of C$5.09 and a two-hundred day moving average price of C$4.13.

Wall Street Analyst Weigh In

TKO has been the subject of several recent analyst reports. Paradigm Capital upped their target price on shares of Taseko Mines from C$4.50 to C$5.25 and gave the stock a “buy” rating in a research report on Monday, July 7th. TD Securities cut shares of Taseko Mines from a “strong-buy” rating to a “hold” rating and increased their price objective for the company from C$3.50 to C$5.00 in a report on Wednesday, July 16th. Finally, National Bankshares increased their price objective on shares of Taseko Mines from C$6.25 to C$7.25 in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Taseko Mines currently has a consensus rating of “Buy” and a consensus price target of C$5.83.

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.