Taseko Mines Ltd (TKO) Insider John Mcmanus Sells 50,000 Shares
Taseko Mines Ltd (TSE:TKO) (NYSE:TGB) insider John Mcmanus sold 50,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of C$2.20, for a total transaction of C$110,000.00.
Taseko Mines Ltd (TKO) traded up 8.13% during mid-day trading on Tuesday, reaching $2.26. The company’s stock had a trading volume of 459,734 shares. Taseko Mines Ltd has a 12 month low of $0.55 and a 12 month high of $2.27. The stock’s 50 day moving average is $1.82 and its 200 day moving average is $1.73. The company has a market cap of $511.28 million and a price-to-earnings ratio of 45.20.
Several equities research analysts have commented on the stock. Scotiabank dropped their price target 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. TD Securities reiterated a “hold” rating and issued a C$2.00 price target on shares of Taseko Mines in a research report on Friday, May 5th. National Bank Financial dropped their price target 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, Royal Bank Of Canada boosted their price target on shares of Taseko Mines from C$1.50 to C$1.75 and gave the stock a “sector perform” rating in a research report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target 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.
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