Shares of Taseko Mines Ltd. (TSE:TKO – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$12.62 and last traded at C$12.49, with a volume of 67099 shares. The stock had previously closed at C$12.27.
Analysts Set New Price Targets
Separately, National Bank Financial lifted their target price on shares of Taseko Mines from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Taseko Mines presently has an average rating of “Buy” and an average target price of C$13.17.
Get Our Latest Stock Analysis on Taseko Mines
Taseko Mines Trading Down 3.8%
Taseko Mines (TSE:TKO – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.11 earnings per share (EPS) for the quarter. Taseko Mines had a return on equity of 2.09% and a net margin of 1.60%.The business had revenue of C$330.55 million during the quarter. On average, sell-side analysts forecast that Taseko Mines Ltd. will post 0.2801932 earnings per share for the current year.
Insider Buying and Selling
In other Taseko Mines news, insider Terry James Morris bought 11,000 shares of Taseko Mines 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 purchase, the insider directly owned 11,000 shares of the company’s stock, valued at C$98,670. The trade was a ∞ increase in their ownership of the stock. Also, insider Brian Lee Bergot sold 82,000 shares of the business’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 completion of the sale, the insider directly owned 211,811 shares of the company’s stock, valued at C$2,401,936.74. This represents a 27.91% decrease in their ownership of the stock. Insiders acquired 93,000 shares of company stock valued at $325,590 over the last quarter. Corporate 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.
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