Key Points
- Insider sale: Trevor Thomas sold 15,000 shares on Jan. 29 at C$11.56 for C$173,400, reducing his stake by 11.11% to 120,000 shares valued at C$1,387,200.
- Stock movement and metrics: Taseko shares opened at C$11.31 and were trading up ~6.3%, near a 12‑month high of C$12.47; the company has a market cap of C$4.08 billion, a negative P/E, and a beta of 2.15.
- Analyst outlook and recent results: TD Securities and National Bank raised targets to C$12.00 and C$13.50 respectively, the consensus rating is "Buy" (consensus target C$10.25), and the company reported Q results of C$0.02 EPS on C$173.91M revenue with analysts forecasting ~0.28 EPS for the year.
Taseko Mines Ltd. (TSE:TKO - Get Free Report) insider Trevor Thomas sold 15,000 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of C$11.56, for a total transaction of C$173,400.00. Following the completion of the transaction, the insider owned 120,000 shares in the company, valued at C$1,387,200. This trade represents a 11.11% decrease in their position.
Taseko Mines Trading Up 6.3%
Shares of TSE TKO opened at C$11.31 on Friday. Taseko Mines Ltd. has a 12-month low of C$2.38 and a 12-month high of C$12.47. The firm has a market capitalization of C$4.08 billion, a price-to-earnings ratio of -59.53 and a beta of 2.15. The firm has a 50 day moving average of C$9.10 and a 200 day moving average of C$6.75.
Taseko Mines (TSE:TKO - Get Free Report) last issued its quarterly earnings data on Thursday, November 13th. The company reported C$0.02 earnings per share (EPS) for the quarter. Taseko Mines had a net margin of 12.69% and a return on equity of 16.33%. The firm had revenue of C$173.91 million during the quarter. Sell-side analysts predict that Taseko Mines Ltd. will post 0.2801932 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on TKO. TD Securities lifted their target price on shares of Taseko Mines from C$6.50 to C$12.00 in a research note on Thursday, January 22nd. National Bank Financial raised their price target on Taseko Mines from C$8.50 to C$13.50 in a report on Thursday, January 29th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of C$10.25.
Read Our Latest Analysis on Taseko Mines
Taseko Mines Company Profile
(
Get Free Report)
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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