Key Points
- Insider buying: Taseko Mines insider Terry James Morris bought 11,000 shares on May 21 at C$8.97 each, a transaction worth C$98,670.
- Stock and financial snapshot: TKO opened at C$9.11, with a market cap of C$3.33 billion and a 1-year range of C$2.80 to C$12.47. The company recently reported C$0.02 EPS on C$243.77 million in revenue for the quarter.
- Analyst sentiment remains positive: Several firms maintained or raised price targets, and the stock currently carries a consensus Buy rating with a target price of C$11.13.
Taseko Mines Ltd. (TSE:TKO - Get Free Report) insider Terry James Morris acquired 11,000 shares of the company's stock in a transaction on Thursday, May 21st. The shares were purchased at an average cost of C$8.97 per share, for a total transaction of C$98,670.00. Following the acquisition, the insider owned 11,000 shares of the company's stock, valued at approximately C$98,670. The trade was a ∞ increase in their position.
Taseko Mines Stock Performance
Shares of TKO stock opened at C$9.11 on Friday. The stock's 50-day moving average is C$9.52 and its two-hundred day moving average is C$9.02. The firm has a market cap of C$3.33 billion, a price-to-earnings ratio of 182.20 and a beta of 2.22. Taseko Mines Ltd. has a 1 year low of C$2.80 and a 1 year high of C$12.47.
Taseko Mines (TSE:TKO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The company reported C$0.02 earnings per share (EPS) for the quarter. The company had revenue of C$243.77 million for the quarter. Taseko Mines had a return on equity of 2.27% and a net margin of 2.00%. As a group, research analysts predict that Taseko Mines Ltd. will post 0.2801932 EPS for the current year.
Analyst Ratings Changes
Several equities analysts have issued reports on the company. National Bank Financial dropped their price objective on Taseko Mines from C$13.50 to C$12.75 and set an "outperform" rating on the stock in a report on Friday, February 20th. Canaccord Genuity Group raised their price objective on Taseko Mines from C$12.75 to C$13.50 and gave the stock a "buy" rating in a report on Friday, February 20th. Finally, TD Securities raised their price objective on Taseko Mines from C$12.00 to C$13.00 and gave the stock a "buy" rating in a report on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of C$11.13.
Check Out Our Latest 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.
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