Richard James Weymark Sells 70,000 Shares of Taseko Mines (TSE:TKO) Stock

Taseko Mines Ltd. (TSE:TKO) insider Richard James Weymark sold 70,000 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of C$10.50, for a total transaction of C$735,000.00.

Taseko Mines Stock Up 6.3%

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

Taseko Mines (TSE:TKO) last posted its earnings results on Thursday, November 13th. The company reported C$0.02 EPS for the quarter. The company 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%. As a group, research analysts forecast that Taseko Mines Ltd. will post 0.2801932 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TKO has been the topic of a number of analyst reports. 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. National Bank Financial raised their price target on shares of Taseko Mines from C$8.50 to C$13.50 in a research note on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$10.25.

Taseko Mines Company Profile

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.