Insider Selling: Taseko Mines (TSE:TKO) Insider Sells C$550,000.00 in Stock

Taseko Mines Ltd. (TSE:TKO) insider Bryce Hamming sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of C$11.00, for a total transaction of C$550,000.00. Following the completion of the transaction, the insider owned 120,000 shares in the company, valued at C$1,320,000. This represents a 29.41% decrease in their position.

Taseko Mines Stock Performance

TSE:TKO traded down C$0.19 during midday trading on Thursday, reaching C$10.52. 589,640 shares of the stock traded hands, compared to its average volume of 1,439,642. The stock has a market capitalization of C$3.85 billion, a P/E ratio of 210.40 and a beta of 2.22. The company has a fifty day moving average of C$9.64 and a 200 day moving average of C$8.88. Taseko Mines Ltd. has a 12 month low of C$2.74 and a 12 month high of C$12.47.

Taseko Mines (TSE:TKO) last released its quarterly earnings data on Wednesday, February 18th. The company reported C$0.02 earnings per share (EPS) for the quarter. The firm had revenue of C$243.77 million for the quarter. Taseko Mines had a net margin of 2.00% and a return on equity of 2.27%. On average, analysts predict that Taseko Mines Ltd. will post 0.2801932 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on TKO. Canaccord Genuity Group upped their target price on Taseko Mines from C$12.75 to C$13.50 and gave the company a “buy” rating in a report on Friday, February 20th. TD Securities raised their target price on shares of Taseko Mines from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Finally, National Bank Financial decreased 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 note on Friday, February 20th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$11.13.

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.