Insider Selling: Taseko Mines Ltd (TKO) Insider Sells C$110,000.00 in Stock

Taseko Mines Ltd (TSE:TKO) (NYSE:TGB) insider John Mcmanus sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of C$2.20, for a total value of C$110,000.00.

Shares of Taseko Mines Ltd (TSE TKO) opened at 2.27 on Friday. Taseko Mines Ltd has a 52 week low of $0.55 and a 52 week high of $2.37. The company has a 50 day moving average price of $1.87 and a 200 day moving average price of $1.74. The company has a market capitalization of $513.54 million and a PE ratio of 45.40.

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TKO has been the subject of a number of research analyst reports. Royal Bank Of Canada boosted their price objective on Taseko Mines from C$1.50 to C$1.75 and gave the stock a “sector perform” rating in a report on Friday, May 5th. TD Securities restated a “hold” rating and set a C$2.00 price objective on shares of Taseko Mines in a report on Friday, May 5th. Scotiabank restated an “underperform” rating and set a C$1.75 price objective on shares of Taseko Mines in a report on Monday, June 12th. Finally, National Bank Financial reduced their price objective on Taseko Mines from C$2.20 to C$2.10 and set a “sector perform” rating for the company in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of C$1.68.

About Taseko Mines

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties in Canada and the United States. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds a 75% interest in the Gibraltar copper mine located in central British Columbia. The company also has interests in the Aley niobium, Harmony gold, and New Prosperity gold-copper projects situated in British Columbia; and the Florence copper project located in central Arizona.