Taseko Mines Ltd. (TSE:TKO – Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as C$12.73 and last traded at C$12.72, with a volume of 173596 shares trading hands. The stock had previously closed at C$11.98.
Analyst Ratings Changes
TKO has been the subject of several recent research reports. Jefferies Financial Group set a C$15.00 target price on shares of Taseko Mines and gave the stock a “buy” rating in a research note on Thursday. National Bank Financial boosted their price target on Taseko Mines from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research report on Tuesday, July 14th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$13.62.
Check Out Our Latest Stock Report on Taseko Mines
Taseko Mines Trading Up 3.8%
Taseko Mines (TSE:TKO – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported C$0.11 EPS for the quarter. The company had revenue of C$330.55 million during the quarter. Taseko Mines had a net margin of 1.60% and a return on equity of 2.09%. As a group, sell-side analysts forecast that Taseko Mines Ltd. will post 0.2801932 EPS for the current fiscal year.
Insider Transactions at Taseko Mines
In related news, insider Brian Lee Bergot sold 82,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of C$11.34, for a total value of C$929,880.00. Following the completion of the sale, the insider owned 211,811 shares in the company, valued at C$2,401,936.74. This trade represents a 27.91% decrease in their ownership of the stock. 2.58% of the stock is owned by corporate insiders.
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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