Key Points
- Insider sale: Taseko Mines insider Bryce Hamming sold 50,000 shares on May 13 at C$11.00 each, totaling C$550,000. After the transaction, he still held 120,000 shares.
- Stock and valuation context: Taseko Mines opened at C$10.50, giving it a market cap of C$3.84 billion, with shares trading near the top of their 52-week range of C$2.74 to C$12.47.
- Analyst outlook remains positive: Several firms recently raised or maintained bullish ratings, and the consensus among analysts is still a “Buy” with an average price target of C$11.13.
Taseko Mines Ltd. (TSE:TKO - Get Free Report) insider Bryce Hamming sold 50,000 shares of the business's stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of C$11.00, for a total value of C$550,000.00. Following the completion of the sale, the insider directly owned 120,000 shares of the company's stock, valued at C$1,320,000. This represents a 29.41% decrease in their position.
Taseko Mines Stock Performance
Shares of TSE TKO opened at C$10.50 on Friday. The firm has a market cap of C$3.84 billion, a price-to-earnings ratio of 210.00 and a beta of 2.22. The business's 50-day simple moving average is C$9.63 and its 200-day simple moving average is C$8.91. Taseko Mines Ltd. has a 52 week low of C$2.74 and a 52 week high of C$12.47.
Taseko Mines (TSE:TKO - Get Free Report) last posted its earnings results on Wednesday, February 18th. The company reported C$0.02 earnings per share for the quarter. The firm had revenue of C$243.77 million during the quarter. Taseko Mines had a return on equity of 2.27% and a net margin of 2.00%. As a group, equities research analysts forecast that Taseko Mines Ltd. will post 0.2801932 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on TKO. Canaccord Genuity Group upped their price objective on shares of Taseko Mines from C$12.75 to C$13.50 and gave the stock a "buy" rating in a report on Friday, February 20th. TD Securities lifted 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 report on Monday, February 23rd. Finally, National Bank Financial cut their target price on shares of Taseko Mines from C$13.50 to C$12.75 and set an "outperform" rating for the company in a research report on Friday, February 20th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of C$11.13.
Read Our Latest Research Report on Taseko Mines
About Taseko Mines
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
