National Bankshares Forecasts Strong Price Appreciation for Taseko Mines (TSE:TKO) Stock

Taseko Mines (TSE:TKO) had its target price increased by National Bankshares from C$7.25 to C$8.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 13.48% from the stock’s previous close.

Separately, TD Securities upgraded Taseko Mines from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$5.00 to C$6.50 in a research report on Thursday, October 23rd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$6.75.

Taseko Mines Stock Performance

Shares of TSE:TKO opened at C$7.49 on Thursday. Taseko Mines has a 52 week low of C$2.38 and a 52 week high of C$7.66. The firm has a market cap of C$2.70 billion, a PE ratio of -39.42 and a beta of 1.80. The firm’s fifty day moving average is C$6.36 and its 200-day moving average is C$5.13.

Taseko Mines (TSE:TKO) last posted its quarterly earnings data on Thursday, November 13th. The company reported C$0.02 earnings per share for the quarter. The business had revenue of C$173.91 million during the quarter. Taseko Mines had a return on equity of 16.33% and a net margin of 12.69%. Sell-side analysts forecast that Taseko Mines will post 0.2801932 EPS for the current year.

Insider Activity at Taseko Mines

In other Taseko Mines news, insider Robert John Rotzinger sold 150,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of C$5.07, for a total transaction of C$759,750.00. Following the transaction, the insider directly owned 131,958 shares in the company, valued at approximately C$668,367.27. This represents a 53.20% decrease in their position. Also, Director Russell Edward Hallbauer sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of C$5.89, for a total transaction of C$176,700.00. Following the sale, the director directly owned 1,802,750 shares of the company’s stock, valued at approximately C$10,618,197.50. This trade represents a 1.64% decrease in their position. Over the last three months, insiders sold 184,500 shares of company stock worth $963,000. Insiders own 2.58% of the company’s stock.

About Taseko Mines

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.