Brian Lee Bergot Sells 120,000 Shares of Taseko Mines (TSE:TKO) Stock

Taseko Mines Ltd. (TSE:TKO) insider Brian Lee Bergot sold 120,000 shares of the stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of C$9.97, for a total transaction of C$1,196,400.00. Following the sale, the insider directly owned 211,811 shares in the company, valued at C$2,111,755.67. This trade represents a 36.17% decrease in their ownership of the stock.

Taseko Mines Stock Performance

TSE TKO opened at C$11.31 on Monday. Taseko Mines Ltd. has a one year low of C$2.38 and a one year high of C$12.47. The company has a 50-day simple moving average of C$9.10 and a 200-day simple moving average of C$6.77. The firm has a market capitalization of C$4.08 billion, a PE ratio of -59.53 and a beta of 2.15.

Taseko Mines (TSE:TKO) last issued its earnings results on Thursday, November 13th. The company reported C$0.02 earnings per share (EPS) for the quarter. Taseko Mines had a net margin of 12.69% and a return on equity of 16.33%. The firm had revenue of C$173.91 million for the quarter. Equities analysts forecast that Taseko Mines Ltd. will post 0.2801932 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on TKO. National Bank Financial increased their target price on Taseko Mines from C$8.50 to C$13.50 in a research report on Thursday, January 29th. TD Securities increased their price objective on shares of Taseko Mines from C$6.50 to C$12.00 in a report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$10.25.

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.