Taseko Mines Ltd (TKO) Shares Down 5.3%
Shares of Taseko Mines Ltd (TSE:TKO) (NYSE:TGB) traded down 5.3% on Tuesday . The company traded as low as C$2.16 and last traded at C$2.16. 313,383 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 331,484 shares. The stock had previously closed at C$2.28.
Several analysts recently commented on the stock. Scotiabank cut their price objective on shares of Taseko Mines from C$1.70 to C$1.50 and set an “underperform” rating on the stock in a research report on Friday, August 4th. National Bank Financial cut their price objective on shares of Taseko Mines from C$2.20 to C$2.10 and set a “sector perform” rating on the stock in a research report on Monday, July 24th. Finally, TD Securities cut their price objective on shares of Taseko Mines from C$2.00 to C$1.90 and set a “hold” rating on the stock in a research report on Friday, June 16th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of C$1.68.
The company’s 50 day moving average is $2.19 and its 200 day moving average is $1.79. The stock has a market cap of $488.65 million and a P/E ratio of 43.20.
In other Taseko Mines news, Director Alexander Morrison sold 88,000 shares of Taseko Mines stock in a transaction dated Monday, August 28th. The stock was sold at an average price of C$2.28, for a total value of C$200,640.00. Also, insider Stuart David Mcdonald bought 40,000 shares of the business’s stock in a transaction on Monday, June 26th. The stock was bought at an average price of C$1.60 per share, for a total transaction of C$64,000.00. Insiders sold 158,000 shares of company stock worth $318,240 in the last quarter.
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About Taseko Mines
Taseko Mines Limited is a mining company. The Company 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. Its projects represent a range of metals, including gold, copper and niobium.
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