Taseko Mines (TKO) Hits New 52-Week High at $2.97
Taseko Mines Ltd (TSE:TKO) (NYSE:TGB) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$2.97 and last traded at C$2.90, with a volume of 280888 shares trading hands. The stock had previously closed at C$2.82.
TKO has been the subject of a number of recent research reports. TD Securities increased their target price on Taseko Mines from C$1.90 to C$2.25 in a research note on Tuesday, September 26th. Scotiabank reiterated an “underperform” rating and issued a C$1.50 target price on shares of Taseko Mines in a research note on Monday, October 30th. Finally, BMO Capital Markets increased their target price on Taseko Mines from C$2.60 to C$3.25 in a research note on Monday, December 18th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of C$2.17.
The firm has a market capitalization of $637.96, a P/E ratio of 13.81 and a beta of 2.65.
In other Taseko Mines news, insider John Mcmanus sold 9,800 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of C$2.75, for a total transaction of C$26,950.00. Also, insider Scott Jones sold 12,000 shares of the stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of C$2.70, for a total value of C$32,400.00. In the last 90 days, insiders have sold 289,800 shares of company stock valued at $819,280.
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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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