Taseko Mines (TSE:TKO) Trading Up 13.2% – Still a Buy?

Shares of Taseko Mines Ltd. (TSE:TKO) rose 13.2% during trading on Wednesday . The stock traded as high as C$2.82 and last traded at C$2.75. Approximately 771,853 shares traded hands during mid-day trading, an increase of 32% from the average daily volume of 585,365 shares. The stock had previously closed at C$2.43.

Wall Street Analyst Weigh In

Separately, National Bankshares boosted their price target on shares of Taseko Mines from C$4.25 to C$4.50 and gave the stock an “outperform” rating in a research note on Wednesday, April 2nd.

Taseko Mines Stock Up 14.4 %

The stock has a 50-day moving average price of C$3.06 and a 200 day moving average price of C$3.06. The firm has a market capitalization of C$843.63 million, a price-to-earnings ratio of 10.87 and a beta of 1.92.

Insider Buying and Selling

In related news, Director Kenneth William Pickering purchased 15,000 shares of the company’s stock in a transaction on Friday, March 28th. The shares were bought at an average cost of C$3.25 per share, for a total transaction of C$48,750.00. Also, Director Anu Dhir acquired 44,000 shares of Taseko Mines stock in a transaction dated Monday, January 13th. The shares were bought at an average price of C$0.72 per share, with a total value of C$31,680.00. 2.58% of the stock is owned by insiders.

Taseko Mines Company Profile

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company’s principal asset comprises 100% interest owned the Gibraltar mine located in British Columbia. It also holds interest in the Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.